partnership firm i

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Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2010 whether partnership firm can be a partner of the another partnership firm

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 August 2010 A firm cannot become partner of another firm but a company can become partner of a firm.

mohit

mohit (Expert)
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02 August 2010 A partner ship firm can not be partner of another firm.

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VINOD ARORA

VINOD ARORA (Expert)
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02 August 2010 Under partnership law, a partnership firm is not a legal entity, but only consists of individual partners. It is not a distinct legal entity apart from the partners constituting it, except for the purpose of Tax laws. Therefore, a partnership firm can not become partner in another partnership firm!!