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A Private Limited company can be partner in partnership firm?
A Pvt. ltd. co. can be partner in a partnership firm? if yes, how? since, a partnership firm is not "Person" and according to section-4 of partnership Act,1932, " to become a partner in partnership firm partner must have to "Person" legal existence which may be artificial person or natural person.
Replies (1)
Yes,a pvt ltd company can become partner in partnership firm, as pvt ltd company is artificial judicial person it can become partner.
Partnership firm can not become partner in any partnership firm
for pvt ltd co you have to pass the resolution for becoming partner.
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