Legal Question in Business Law in India

Partnership & AOP(association of persons)

what is the liability of the partners in case of patnership and what is the liability of the members of AOP(is it limited)?


Asked on 7/27/07, 7:41 am

1 Answer from Attorneys

G. M. Gupta gmguptaandassociates

Re: Partnership & AOP(association of persons)

limited liability is only in company and not in partnership. all partners are equally liable for acts of any partner.

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Answered on 7/30/07, 8:40 am


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