Law Graduate & partnership firm

s.v.goplani (Querist) 21 May 2010 This query is : Resolved
Respected sir,
can Law graduat tax consultant can make partnership firm with non law graduate as partner. (i am registered as an advocate i want to make a partnership firm with my friend & he is no law graduate) What are the possibilities let me know & oblige.
thanks.
s.v.goplani

Follow Query

Report Abuse

Guest (Expert) 21 May 2010
ANY PARTNERSHIP IS MANDATORY THAT IT IS REGISTERED AS PER PROVISIONS OF INDIAN PARTNERSHIP ACT.

AS YOU ARE ADVOCATE KINDLY REFER THE SAID ACT AND I SUGGEST IT IS ADVISIBLE THAT YOU MAY PRACTICE INDEPENDENTLY INSTEAD OF PARTNERSHIP AS THERE ARE ADVANTAGES AND DISADVANTAGES OF THE SAME.
IN THE LONG RUN IN CASE OF ANY DISPUTE YOU MAY FIND IT DIFFICULT TO CONCENTRATE ON YOUR MAIN JOB.
THANKS.

A V Vishal (Expert) 21 May 2010
As an advocate you are not allowed to enter into partnership for sharing income/profits with persons who are not lawyers/advocates under the Bar Council of India rules.

G. ARAVINTHAN (Expert) 22 May 2010
Vishal sir is right

DEFENSE ADVOCATE.-firmaction@g (Expert) 22 May 2010

no not at all.There is no absolute bar for advocates to do or take part in commercial activities.

You will find if go through the list of directors of many companies you will find no of persons as directors.

Advocates are MPs or MLAs still appear in courts.

The advocate can be even a partner in any firm but he should not be directly conducting the business.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries