Can a society registered under societies registration Act (an AOP), become a partner in a partnership firm?
2 Replies
Sivaraman A R
(.)
(1040 Points)
Replied 27 February 2017
Dear Manoj,
An AOP registered under societies registration act has a seperate legal entity for limited purpose. Still it is not a incorporated entity like Company. So Some people are saying that it cannot be a partner.
For LLP, a patner can be only individuals and body corporate. So same contention needs to be imported to Normal Partnership firm.
There is some case laws that Supreme court has ruled that a partnership firm cannot be a partner in another firm.
A HUF cannot become a partner in another firm =.
Some people are having a different opinion that since it is a seperate legal entity , it can invest in Firms.
Thank u for ur comment
Recent Topics
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
