can a firm be considered as a person?why?
Devajyoti Barman (Advocate) 11 June 2010
NO, partnership fim is never considered as a legal person . Firm is merely a collective name of individuals who have entered into partnership. A firm does not have a personality apart from the partners.
The Supreme Court in D.Laxminarayan vs. Commissioner had cleared this point by holding that a firm name is merely an expression,only a compendious mode of designating the person who have agreed to carry on business in partnership.
Both English law and Indian law in this respect is same.
M/s. Y-not legal services (Advocate) 09 September 2010
i am agree with the above expert. its simple and clear explaination.