whether partnership firm amitted as a partner in another partnership firm?????????
what is the procedure for such case?????????
13 Replies
CA Vishal kapoor
(Partner)
(320 Points)
Replied 23 June 2010
no..partnership firm cant become a partner in another firm..only indiviual can become a partner..
Rahul Gupta
(Project Controller ACA MBA(Fin.))
(8019 Points)
Replied 24 June 2010
Agreed, partnership cannot become partner in other partnership firm.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 24 June 2010
| Originally posted by : vishal kapoor | ||
 |
no..partnership firm cant become a partner in another firm..only indiviual can become a partner.. |
 |
Rajasekaran.K
(articled Company secretary)
(173 Points)
Replied 24 June 2010
partnership firm cannot become partner in another firm.but the partners of the former can become partners in the latter......
Sharad Saini
(Student)
(286 Points)
Replied 24 June 2010
hi,
only a person can become partner in a firm and partnership firm is not a person so it can't enter into any partnership.....
however company can do so as it is a person in the eyes of law,.......
Yogesh Bhatt
(Company Secretary)
(475 Points)
Replied 24 June 2010
One of Partner can be partner in other partnership firm..use go throuth this way.
CA. Amit Chimnani
(PARTNER )
(205 Points)
Replied 24 June 2010
No not possible only individuals, HUF in reprensentative capacity can become partner.
manisha ahuja
(article clerk)
(147 Points)
Replied 24 June 2010
but if suppose co. wants to become partner in partnership firm is it possible?
ca an individual be charged in representative authority
i suppose yes........
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 24 June 2010
yes a Company can be a partner in a Partnership Firm...
i think that is a concept of Separate Legal Entity
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