Tax
27 Points
Joined March 2015
Well there is neither an Express bar nor an Express permission. The cooperative society laws doesn't permit the said society to conduct any business, hence, it is crystal clear that the said society cannot enter into partnerships as it will tantamount carrying business however, the only leeway could be that it becomes a partner like a 'sleeping partner' but burden will be on the said society to prove that it is not carrying out any business.