can a co-operative society become a partner in a partnership firm. and can a group of co-operative societies form a partnership firm or not?
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Can co-operative society become a partner?
Replies (18)
As per the Indian Partnership Act 1932, Partnership is the relationship between PERSONS who have agreed to share the profits of a business...
I don't think the word 'persons' can be used to refer to any other entities other than Individuals.
In my opinion, the answer to your query: NO.
No a co-operative society can neither be a partnership
the definition of partnership is just and only include persons and c0-operative society is not a person
on the other hand partnership shall be made with 2 or more person weather for co-operative soceity there is an need of atlest 50 persons
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
It is very clear that co-op society are in form of Aop and AOP can become partner in a firm in its capacity.
Co operative society can be a partner. As same as any legal person including company can be a partner.
Co operative society can be a partner. As same as any legal person including company can be a partner.
Co operative society can be a partner. As same as any legal person including company can be a partner.
Any artificial person can be partner
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