Can a limited libility partnership firm became a partner in another partnership firm(According Indian Partnership Act,1932), please do reply with reasons
CA Ankit Bhutoria (CA ) (372 Points)
28 April 2010Can a limited libility partnership firm became a partner in another partnership firm(According Indian Partnership Act,1932), please do reply with reasons
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 28 April 2010
YES
A LLP FIRM CAN BECOME A PARTNER IN ANOTHER PARTNERSHIP FIRM, BCOZ IT HAS A SEPERATE LEGAL ENTITY APART FROM ITS PARTNERS.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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