Rajendra (CS) 30 April 2012
Dear Learned Members,
Please express your expert views on whether Company (Pvt. Ltd. Or Ltd.) can become Partner in Partnership Firm, give the fact that the partnership firm has unlimited liability against company whose member’s liability is limited to the capital contributed by the respective members (Shareholders).
Please support your reply with suitable legal provisions and case laws.
RAJENDRA PATEL
Sagnik (Management Trainee) 02 May 2012
A company being a juristic person can enter in a partnership agreement but only if it is authorised by its objects. A director of the company has to sign on behalf of the company & it can also earn remuneration.
Regards,
Sagnik
C. P. CHUGH (Practicing Lawyer) 12 May 2012
Yes there is no bar in Law for a company to enter into partnership provided it is not against the objects set out by the company. All Non-Individual Partners are to be represented by their authorised representatives.
RUPESH (partner) 08 March 2013
two co operative society can form a partnership frim?
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