partnership firm
chetan
(Querist) 04 May 2011
This query is : Resolved
i want to register a manfacturing firm with one of my friend as partner. can we add Private Ltd to the name? are there any conditions to do so, if then what are they.
what eligibility is required for the same.
advantages and disadvantages of adding the Pvt Ltd tag.
ESTHERPRIYA
(Expert) 04 May 2011
You can do so. No restriction on that.
R.Ramachandran
(Expert) 04 May 2011
Dear Chetan,
There are certain conditions, advantages and disadvantages. Please see the attached file.
A V Vishal
(Expert) 04 May 2011
Can anybody advise/guide me how can a firm registered under the Partnership Act suffix private limited to its name. Ms Esther, either you have not understood the query properly or you are not properly qualified to reply to the queries here, do not mislead and misguide the querists here by answering queries which you do not have any answer yourself. Further the querist has clearly stated he wants to take his friend as partner there is no mention that the querist wants to register a pvt ltd company.
malipeddi jaggarao
(Expert) 06 May 2011
Partnership and Limited Company are two different bodies for conducting the business. If you wish to enter into partnership with your friend, all the paratnership should make a partnership deed (though written deed is not compulsory - it is always advisable). The partnership can be registered or unregistered. An unregistered partnership firm can not sue the third parties in its own name. Private Limited Company is a separate legal entity. You go through the attachment sent by Expert Mr.R.Ramachandran. You can not add Pvt.Ltd. to your firm when you are conducting business without formation of a company.
leena Sharma
(Expert) 06 May 2011
No, absolutely not. Mr. Jaggaro is right.
preet
(Expert) 06 May 2011
U cannot add the word Pvt. Lmt,As per guidelines, it is added only to Private limited Co.
lawyerpreetkaur@gmail.com
