Querist :
Anonymous
(Querist) 13 November 2009
This query is : Resolved
Can two companies form, create and enter in to a partnership firm, explain in detail
A V Vishal
(Expert) 13 November 2009
Yes, a Partnership is generally created by agreement between the partners. A Partnership can be formed between: (i) one or more individuals or (ii) between an individual and a person representing a H.U.F. or (iii) between an individual and other partner representing his firm, or between Limited Company or a Corporation and an Individual or Partnership firm. (iv) between two Partnership firms (v) or between a Limited Company or a Corporation and an individual or Partnership firm (vi) between a Partnership firm and H.U.F. (vii) between members of HUF in their individual and independent capacity (viii) between a HUF and a member of that HUF independently.
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