Can a society registered under societies registration Act (an AOP), become a partner in a partnership firm?
Sivaraman A R (.) (1038 Points)
23 February 2017Can a society registered under societies registration Act (an AOP), become a partner in a partnership firm?
Sivaraman A R
(.)
(1038 Points)
Replied 27 February 2017
Dear Manoj,
An AOP registered under societies registration act has a seperate legal entity for limited purpose. Still it is not a incorporated entity like Company. So Some people are saying that it cannot be a partner.
For LLP, a patner can be only individuals and body corporate. So same contention needs to be imported to Normal Partnership firm.
There is some case laws that Supreme court has ruled that a partnership firm cannot be a partner in another firm.
A HUF cannot become a partner in another firm =.
Some people are having a different opinion that since it is a seperate legal entity , it can invest in Firms.
Thank u for ur comment
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