NRI as partner in Partnership Firm

[Bhavani Prasad]

Dear Friends

Can an Non Resident Indian (NRI) be a partner in Partnership Firm as per Indian Partnership Act,1932.

Please reply

Regards

CS Bhavani Prasad C N
Company Secretary

GVK Group

098665 19059

[Ganga Anil Kumar]

Dear Friend,

Partnership Act, 1932, is silent about it.

But according to Indian Contract Act 1872, NRI can enter into partnership contract if he is competent as per this Act.

Thanking you,

Warm Regards

CS Anil Kumar Ganga | Hyderabad | India | +91 80082 99901 | +91 84980 84006 

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[Simranjeet Singh]

NRI Can become partner in a Partnership Firm subject to FEMA regulations.. kindly go through RBI site for more clarification on this issue.

 Thanks & Regards

 ACS Simranjeet Singh

 

[ishan jain]

He can become a partner ad contribute his amount of contribution and even RBI has issued a specific regulation for it named as FEM (investment in Proprietorship or firm in India) Regulation 2000.

 

I hope after viewing the above stated regulation it will clear your doubt.

 

Thanks

 

Ishan

Thanks and Regards

ISHAN JAIN