Partnership deed
This query is : Resolved
13 January 2015
Can a partnership firm enter into a partnership with other individual. If no what is the solution?
13 January 2015
yes partner ship firm can enter with another individual.
13 January 2015
hello ankur,
you can go ahead with admission of partner in that partnership firm.
you can go ahead with admission of partner in that partnership firm.
13 January 2015
Thanks for your replies. But we do not wish to admit a partner. I will explain it better e.g. If a Partnership firm M/s ABC wish to enter in a new partnership with Mr. XYZ (an individual) and from a new Partnership firm with a name of M/s MNB, is that possible?
13 January 2015
according to me in this case firm may authorize any of the partner to act in its name and the partnership may be entered into under partnership act,1932.
relevant portion of section 2 in support of this is stated below
"(a) an "act of a firm" means any act or omission by all the partners, or by any
partner or agent of the firm
which gives rise to a right enforceable by or against the
firm;"
relevant portion of section 2 in support of this is stated below
"(a) an "act of a firm" means any act or omission by all the partners, or by any
partner or agent of the firm
which gives rise to a right enforceable by or against the
firm;"
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
