Dear friends
pls suggest on : -Can a partnership firm be a partner in a partnership firm?
CA Gopal Agarwal9323384100
Reply:1
DEAR FRIEND A PARTNERSHIP FIRM CANNOT BECOME A PARTNER IN ANOTHER FIRM BECAUSE IT IS CLEAR FROM THE DEFINITIONS : PARTNERSHIP IS RELATION BETWEEN PERSONS WHO HAVE AGREED TO THE SHARE OF PROFITS OF A BUSINESS CARRIED ON BY ALL OR ANY OF THEM ACTING FOR ALL .
THYANKING YOU
laxmi_ca2000@rediffmail.com
Reply:2
In my practice career of about 4 decades, I have not come across any partnership firm which has any other partnership firm as its partner. In my opinion also, a partnership firm being not a juristic person, can not become a partner of another firm.
CA O. P. Agarwal
Reply:3
NO !!
Regards,
CA Amit Kumar Kedia
+91-9437117330
pls suggest on : -Can a partnership firm be a partner in a partnership firm?
CA Gopal Agarwal9323384100
Reply:1
DEAR FRIEND A PARTNERSHIP FIRM CANNOT BECOME A PARTNER IN ANOTHER FIRM BECAUSE IT IS CLEAR FROM THE DEFINITIONS : PARTNERSHIP IS RELATION BETWEEN PERSONS WHO HAVE AGREED TO THE SHARE OF PROFITS OF A BUSINESS CARRIED ON BY ALL OR ANY OF THEM ACTING FOR ALL .
THYANKING YOU
laxmi_ca2000@rediffmail.com
Reply:2
In my practice career of about 4 decades, I have not come across any partnership firm which has any other partnership firm as its partner. In my opinion also, a partnership firm being not a juristic person, can not become a partner of another firm.
CA O. P. Agarwal
Reply:3
NO !!
Regards,
CA Amit Kumar Kedia
+91-9437117330
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