partnership act
rajat sehgal
(Querist) 21 December 2009
This query is : Resolved
can a company be admitted as a partner in a partnership firm?
can a company become a partner?
aman kumar
(Expert) 21 December 2009
no not at all
A V Vishal
(Expert) 21 December 2009
Yes, a duly incorporated company has jural existence and it can be a partner of a partnership firm like any other person. A firm cannot become partner of another firm but a company can become partner of a firm. It is valid under the Indian Partnership Act.
Raj Kumar Makkad
(Expert) 21 December 2009
Yes. It can become a partner in a partnership firm and there is no bar at all in this matter.