partner ship

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2011 1. Can a company be a partner in a partnership firm ?

2. Can a company enters in to a contract with its directors to form a Partnership Firm ?

3. If yes then Can that company receive partner remuneration from the firm ?

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
Follow

04 January 2011 1. Yes

2. Yes

3. No.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

04 January 2011 1. Yes

2. Yes

3. No.

Upgrade to CAclubindia Pro. Subscribe Now!

Ajay Mishra

Ajay Mishra (Expert)
Follow

05 January 2011 Hi

For Question No. 1 and 2:

Answer: Yes

TYPES OF PARTNERSHIP
A Partnership can be formed between:
(i) one or more individuals or
(ii) between an individual and a person representing a H.U.F. or
(iii) between an individual and other partner representing his firm, or between Limited Company or a Corporation and an Individual or Partnership firm, or
(iv) between two Partnership firms, or
(v) between a Limited Company or a Corporation and an individual or Partnership firm, or
(vi) between a Partnership firm and H.U.F., or
(vii) between members of HUF in their individual and independent capacity, and
(viii) between a HUF and a member of that HUF independently.

Message likes : 1 times

Online classes for CA CS CMA