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of <h1>Can Incorporated Companies Enter Partnerships? Clarification on Indian Partnership Act, 1932, and Company Constitutional Requirements.</h1> The circular addresses whether incorporated companies can enter into partnerships under the Indian Partnership Act, 1932. It clarifies that while generally, it would be ultra vires for a company to engage in partnerships not authorized by its constitution, a company may do so if explicitly permitted by its memorandum and articles of association. Such partnerships require special articles due to the complexities of applying the Partnership Act provisions. State Governments should carefully review applications to ensure the company's constitutional documents authorize such partnerships and address potential legal anomalies, as highlighted in a Calcutta High Court ruling.
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