Partnership Firm for Trading and Investment in Stocks and Derivatives

Can Me and My Wife form a Partnership firm to Invest and Trade in Stocks and derivatives in Indian market?
If not then, can we have any third person with us to form 3 partners Partnership Firm?

Oh yes, You can form a Partnership firm with your wife for Trading and Investment in stocks/derivatives/Mutual Funds. The documentation is little different from opening an individual trading account. So please check the requirements.