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Can we do partnership with a person who doesnt exist ??

Atharv Sankliya (294 Points)

26 October 2021  
can we do partnership with a person who doesn't exist ??

 4 Replies

yasaswi gomes (My grammar is 💯 good I)   (6646 Points)
Replied 26 October 2021

Not possible. It must be in tangible form

Atharv Sankliya (294 Points)
Replied 26 October 2021

But how would govt know about ? that

yasaswi gomes (My grammar is 💯 good I)   (6646 Points)
Replied 26 October 2021

During registration, they will verify pan no

CA ABHAY GUPTA (Practice) (3171 Points)
Replied 27 October 2021

Yes you can make an unregistered partnership firm on a stamp paper of Rs 750 and get it notarized, yes you can apply for its PAN and with in 7 working days you will get the PAN also but what if you wish to open a bank account there you need to show your partner, what if you wish to get GST registration then it is mandatory to get aadhaar authentication of all partner, there PAN, photo all needed at time of seeking for registration, in case of Govt Tenders you need both the person to be exist. If the above what are affirmative then you will face many problem else Go For It.
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