Can a partnership firm Formed by contributing Capital in CAS
This query is : Resolved
15 July 2009
Three persons formed a Partnership Firm by contributing Rs.4,00,000/- each from their individual file. But on the date of Agreement, Firm have no any Bank A/c . Can a partnership firm Formed by contributing Capital in CASH ?
Thanking You.
Thanking You.
15 July 2009
I think partners can form Partnership.
As only after getting registered as Partnership Firm and based on agreement only Bank will open an account in the name of Firm.
As only after getting registered as Partnership Firm and based on agreement only Bank will open an account in the name of Firm.
15 July 2009
YES
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