Please note that The Hon Supreme Court in Bacha.F.Guzdar's case held that a partnership consisting of only 3 companies as aprtners is valid. Like wise House of Lords in Newsteed v Frost also held that a company can be a partner in a firm. But the partnership should be authorised by the Memmorandum lest it will be ultra vires. A firm cannot be member in a company.Please also note that in the abscence of a definition of the term "person" under the companies act the defn under the General clauses Act 1897 shall apply. Thus the defn under the 1897 Act includes a company also.
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