Formation of partnership
Manoj
(Querist) 13 December 2012
This query is : Resolved
Hello to all experts.
"A" formed a partnership firm named "X1" wherein "Y1" another partnership firm was a partner in "X1". Is it valid. Can a partnership firm be a partner in another partnership firm.
ajay sethi
(Expert) 13 December 2012
no a partrnership fiirm cannot be a partner in another firm
Raj Kumar Makkad
(Expert) 13 December 2012
A partnership has no separate legal entity so it cannot become partner of another partnership firm.
R.K Nanda
(Expert) 13 December 2012
no, not possible.