partnership of pvt.co

This query is : Resolved 

28 August 2010 can a private ltd company do partnership under partnership act

how he will get remenuration

roc concequencies
IT concequencies


amit

28 August 2010 A company is an artificial person... It has a seperate legal entity.. Also it can enter into contract.. So a company can enter into partnership but the articles of the company should permit the company to do the same....


And if Company is acting as a working partner , Remuneration is allowed.
and if Directors of the company is authorised to act as partner on behalf of the company, he will have to make decalaration

31 August 2010 thank u vimal but just clear above points with IT section and who has to make decleration and remenuration is a part of income of director or a company

Kindly support your answer with IT section





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