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partnership with NRI

This query is : Resolved 

31 December 2008 Does any one help me for the following:

One of my friend who is a Chartered Accountant wants to enter into the
partnership with a person residing out of India (he is Indian, but residing in UK for last 15 years). Can anybody know the procedure?

Will he have to take the permission of Institute for such partnership??

SHILPA

31 December 2008 New LLP Act 2008 enables such kind of partnerships..Present Partnership Act wl not allow such partnerships(my view)



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