Question ID :
40590
019493
Whether a Private family trust can be a partner in a ordinary partnership firm?? . Also whether it can be partner in Limited Liability partnership Firm(LLP) ??
Posted by
nagappan.sm
on
Mar 02, 2020
Filed Under
MISC.
If the trust deed permits, trustee can be a partner, on behalf of trust, in a partnership firm but cannot in a LLp.
Posted by
B.CHACKRAPANI WARRIER on
Mar 02, 2020
Answer ID :
80447
The trustees can become partner in partnership firm or in LLP on his individual capacity not as representative of the trust. Other trusts set up under SEBI guidelines (REIT, INVits etc.can become partner in partnership firm as per MCA circular no. 37/2014.
Posted by
CA. chunauti dholakia on
Mar 02, 2020