A Partnership firm can be defined as the formal relationship between two or more persons who have agreed to share the profits of the business carried on by all or by any one of them acting for all at their agreed profit sharing ratio. In India Partnership firms are governed by the Indian Partnership Act, 1932, which extends to the whole of India except the State of Jammu and Kashmir.
Any person (whether natural or juristic) who can enter into the contract can become a partner in the partnership firm
Thus from the above paragraph, it can be clearly stated that the Company can become a member of the partnership firm.
You can apply for your Partnership’s PAN Card online on through NSDL website.
After verification of the documents, the PAN card will be dispatched to the registered office of the partnership firm within a month.
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