Can a Partner contract with the Partnership firm

Nehal (Querist) 20 June 2009 This query is : Resolved
Can a Partner contract with the Partnership firm in which he is a partner?

Regards
Nehal

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Swami Sadashiva Brahmendra Sar (Expert) 20 June 2009
yes . there is no statutary bar. the answer depends on terms and conditions of partership deed.

adv. rajeev ( rajoo ) (Expert) 20 June 2009
i agree with Dr.

Kiran Kumar (Expert) 20 June 2009
yes he can enter into such a contract. Tripathi sahib rightly said there should not be any restriction out of partnership agreement.

a person can even be partner in two separate firms subject to conditions.

Y V Vishweshwar Rao (Expert) 21 June 2009
I Agree with Dr V N T

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