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Employee + Partner

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(Querist)
07 March 2009 Is it permissible under law to become a partner in one concern and at the same time remain an employee in another concern. What are the sections involved, and what would be the best possible course of action?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 March 2009 Yes.
There is no restriction in law unless partnership deed provides anything to the contrary.

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