Hi, Can a partnership firm who has three partners namely Mr. X, Mr. Y and Mrs. Z, get in to partnership with a Pvt Ltd company who has only TWO directors and they are Mr. X and Mr. Y. Here Mr. X and Mr. Y are common in both the Pvt Ltd Co and Partnership firm. Can a company with common partner as its directors get in partnership firm now. Are there any restrictions in this context in newly amended companies act? Please help and do mention the section where its explained.. Thanks in advance.
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Partnership of a pvt ltd co with a same director as partners
Replies (1)
no restriction and can easily be a partner. But make sure you comply with 185 and 186 of the Act.
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