can sec 8 co. be a partner in partnership firm?
Kadambni Jha (15 Points)
15 July 2018
can sec.8 co. be a partner in partnership firm?
1 Replies
Amar
(Student)
(321 Points)
Replied 21 July 2018
If a partnership firm is carrying on non profit business then a section 8 company can be partner.
But as per the provisions of Indian Partnership Act 1932 a partnership firm must be carried on for profit purposes.
So a section 8 company cannot become partner in partnership firm.
Other views invited.
You may further call at 8802594133 for more discussion.
But as per the provisions of Indian Partnership Act 1932 a partnership firm must be carried on for profit purposes.
So a section 8 company cannot become partner in partnership firm.
Other views invited.
You may further call at 8802594133 for more discussion.
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