25 November 2008
in body of indivdual there are more than two partners they are partnership deed or trust or any person but in partnership only individuals are partners
27 November 2008
PARTNERSHIP FIRM- ONLY INDIVIDUAL CAN PARTNERS. THEY ARE TOGETHER FOR MAKING SOME PROFIT BY THE BUSINESS RUNNING BY THEM OR BY ONE OF THEM ON BEHALF OF THEM.
AOP- ANY PERSON CAN BE THE MEMBER OF AOP. PERSON MEANS: INDL, FIRM, COMPANY, SOCIETY, ANY LEGAL ENTITY.
BOI- IE BODY OF INDIVIDUALS. IE ONLY INDIVIDUAL CAN BE A MEMBER OF BOI. IF TWO OR MORE PERSONS JOINTLY DOING SOME TASK AND THEY ARE NOT CREATING A FIRM FOR THIS AS DEFINED IN PARTNERSHIP ACT THEN THEY ARE BODY OF INDLS. THERE IS A THICK DIFFERENCE BETWEEN PARTNERSHIP AND BOIs.
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