partnership act

rajat sehgal (Querist) 21 December 2009 This query is : Resolved
can a company be admitted as a partner in a partnership firm?
can a company become a partner?

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aman kumar (Expert) 21 December 2009
no not at all

adv. rajeev ( rajoo ) (Expert) 21 December 2009
Aman is right

Anish goyal (Expert) 21 December 2009
sir WHY NOT?

A V Vishal (Expert) 21 December 2009
Yes, a duly incorporated company has jural existence and it can be a partner of a partnership firm like any other person. A firm cannot become partner of another firm but a company can become partner of a firm. It is valid under the Indian Partnership Act.

Raj Kumar Makkad (Expert) 21 December 2009
Yes. It can become a partner in a partnership firm and there is no bar at all in this matter.

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