Legal Question in Business Law in India
co-ownership
whether co-ownership of two persons is considered as a 'person' under the law?
Asked on 1/18/09, 8:04 am
2 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: co-ownership
No
Answered on 1/19/09, 3:21 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: co-ownership
No, it is not. Co-ownership is different than even a partnership and not a 'legal person'.
Even a registered partnership is not considered a 'juristic person'.
A 'legal person' can be created only if permitted by the statute, e.g. Companies Act or Cooperative Societies Act and not merely by act of parties or association of persons.
Answered on 1/18/09, 8:59 am
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