Eligiblity of being a partner

A firm cannot become partner of another firm but a company can become partner of a firm.

A company is a juristic person and therefore can become a partner in a partnership firm, if it is authorised to do so by its objects.

But Vice a versa is not possible i.e a firm cannot be a member in the Company.

A Karta of the Hindu undivided family can become a partner in a partnership in his individual capacity, provided the member has contributed his self-acquired or personal skill and labour.

Trustees of private religious trust, family trust and trustees of Hindu mutts or other religious endowments are juristic persona dncan therefore enter into partnership, unless their constitution or objects forbid.