Dear Brothers abd Sisters,
I want to know that HUF can enter as a partner in the Partnership firm with his wife and two sons as a partners as individual capacity and one partner as HUF status .
The partners all are family members and father and mother and two sons.
Now the Bank people says Huf cannot be a partner in the firm as per Suprem Court Judgement
Whether this is a correct or not
Please give the details and send copy of judgement
Please help me
Auditor Kumar
Yes HUF can definately become partner in partnership firm as HUF seperate entity in the eyes of law.
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