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