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
CAclubindia
