Advocate as partner in llp

Arul Kumar (Querist) 04 June 2012 This query is : Resolved
Dear Experts,

Can a practising Advocate be partner in LLP?

Regards,

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A V Vishal (Expert) 04 June 2012
Incomplete query, however, yes he can be a partner subject to certain conditions

Sankaranarayanan (Expert) 04 June 2012
Yes you can.

R.K Nanda (Expert) 04 June 2012
Yes, he can.

M V Gupta (Expert) 05 June 2012
A similar question has been answered in this column three days ago. As per rule 47 of the Standards of professional conduct and etiquette prescribed by the Bar Council Of India, an advocate shall not personally engage in any business, but ha may be a sleeping partner in a Firm doing business, provided that in the opinion of the appropriate state bar Council, the nature of the business is not inconsistent with the dignity of the Profession. (Rule 47 ibid)

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