https://www.taxtmi.com/caselaws?id=200503 A partnership firm applying for a gold dealer's licence is assessed as the applicant entity under the Gold (Control) Act, because the Act treats a firm as a dealer and as the holder of the licence. Section 52 also shows that a licence may be granted to a firm and regulated through changes in partnership constitution, confirming that the firm is the relevant juristic unit. Rule 2(dd) therefore applies to the applicant firm itself, not to its partners separately, unless the firm on its own facts falls within the prohibition. The firm was not disqualified under rule 2(dd) and was entitled to consideration for the licence. en-us Mon, 10 Nov 1986 00:00:00 +0530 Sat, 31 Mar 2018 10:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200503 A partnership firm applying for a gold dealer's licence is assessed as the applicant entity under the Gold (Control) Act, because the Act treats a firm as a dealer and as the holder of the licence. Section 52 also shows that a licence may be granted to a firm and regulated through changes in partnership constitution, confirming that the firm is the relevant juristic unit. Rule 2(dd) therefore applies to the applicant firm itself, not to its partners separately, unless the firm on its own facts falls within the prohibition. The firm was not disqualified under rule 2(dd) and was entitled to consideration for the licence. Case-Laws Indian Laws Mon, 10 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200503