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As per the provisions of Indian contract act, 1872 a foreigner can become a partner in Indian partnership firm.
Wiki User
∙ 10y ago
Yes, a foreigner can become a partner in an Indian partnership firm subject to certain conditions. The Foreign Exchange Management Act (FEMA) allows foreign nationals and entities to invest in Indian firms, including partnerships, under the automatic route or approval route as prescribed by the Reserve Bank of India. However, the partnership deed should be checked to ensure that there are no restrictions on the inclusion of foreign partners.
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