Milan Agrawal (Chartered Accountant) (207 Points)
18 January 2013Dear All,
Here's something interesting:
One of my client wants to make a partnership firm having 3 partners:
1. My client himself
2. His Brother and,
3. GOD (yes GOD, the almighty, BHAGWAN)
Is it practically possible?
On a serious note, I have seen ledger accounts in the name of GOD in various marwari firms(as a part of spiritual emotions). But, is there any such provision in any act or law to include GOD as a partner(ofcourse dummy).
Over to all the experts.
Regards,
CA Milan Agrawal
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 18 January 2013
now u will ask can we make god director,auditor,supreme court judge or prime minister
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 18 January 2013
its better u leave dat client..kahin aisa na ho ki wo fees bi god ko hi pay karde instead of u
Milan Agrawal
(Chartered Accountant)
(207 Points)
Replied 18 January 2013
Dear Sumit
I know my query is a bit awkward but we have to answer our client's query.
Regards
Milan Agrawal
(Chartered Accountant)
(207 Points)
Replied 18 January 2013
Dear Sumit,
I think you are not aware of the market position. This is not the time of leaving a client rather to satisfy them to the much extent possible. Further, these types of clients are not easy to find. Further they say, we will commit mistake, its your responsibility to correct it.
Regards
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 18 January 2013
why he wants to add god as partner. For partnership agreement mininmum 2 partners are required and he and his brother are already there. Second thing how he will distribute the profit sharing ratio and how will god bring the capital and some other issure in partnership deep which needs to be taken into consideration.
3rd ..how will be god liable for anythin in partnership\
See creating ledgers in name of god in marwari firms is a different case that is u create a creditor naming a god and u allocate few amount in it and that will stand in your books forever and will be carried forward from year to year..u geetin it wat i mean to say.
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 18 January 2013
Milan i was kiddin coz i found it very awkward but i hav replied to ur query.
Milan Agrawal
(Chartered Accountant)
(207 Points)
Replied 18 January 2013
actually somebody told him dat god's name can be admitted as partner. I have explained everything to him. but he is still relying on dat somebody's statement and he is still asking if god can be admitted as partner or not.
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 18 January 2013
well very strange..but i dont think that is true rest dunno wat are his grounds on which he can claim dat god cab be admitted as partner
Utsav Mone
(4 Points)
Replied 04 September 2017
Utsav Mone
(4 Points)
Replied 04 September 2017
Interesting Resarch - Why and how Indian courts accept god as legal entity? - https://www.sabhlokcity.com/2013/10/why-are-indian-courts-permitted-to-unconstutionally-allow-god-to-own-property-and-to-litigate/#comment-997684
CAclubindia
