https://www.taxtmi.com/caselaws?id=96700 Sub-partners who share only a partner's profits remain strangers to the principal firm and are not counted as its members for the statutory bar on unregistered associations exceeding the permitted membership. An oral arrangement capable of operating as a lease upon delivery of possession may remain enforceable as an agreement for lease despite absent writing and registration, where rent and duration are sufficiently definite and enforceability arises after title is acquired. However, a firm cannot maintain a suit against a person who is also its partner where that person would occupy both plaintiff and defendant positions and the claim cannot be resolved through partnership-account adjustments; the suit is therefore incompetent. en-us Thu, 05 Dec 1935 00:00:00 +0530 Tue, 10 Jan 2012 13:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96700 Sub-partners who share only a partner's profits remain strangers to the principal firm and are not counted as its members for the statutory bar on unregistered associations exceeding the permitted membership. An oral arrangement capable of operating as a lease upon delivery of possession may remain enforceable as an agreement for lease despite absent writing and registration, where rent and duration are sufficiently definite and enforceability arises after title is acquired. However, a firm cannot maintain a suit against a person who is also its partner where that person would occupy both plaintiff and defendant positions and the claim cannot be resolved through partnership-account adjustments; the suit is therefore incompetent. Case-Laws Companies Law Thu, 05 Dec 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96700