banner_ad

Can co-operative society become a partner?

2918 views 18 replies
Any artificial person can be partner
Any artificial person can be partner

Can a society registered under societies registration act (an aop) be a partner in a normal partnership(not llp)? In an LLP, only individual and body corporate can become partners. Society cannot become patner in LLP. What about normal partnership ?

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. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details