What Is a Limited Liability Partnership and How Is It Different From a Partnership?
2023-04-09
Read about a limited liability partnership with its advantages, disadvantages, and how it differs from a regular partnership.KEEP READING
Indian Partnership Act, 1932 – Full Bare Act
2022-01-08
Indian Partnership Act, 1932 full, updated and colourful bare act with section box to help you reach any section instantly on the same page.KEEP READING
Incoming and Outgoing Partners – Partnership Act Notes
2021-08-20
Incoming Partner is the partner who is joining the partnership firm by contract or is added to the firm.
Outgoing Partner is the partner who is leaving the partnership firm. It can be because of death, expansion, retirement etc.
Incoming Partner: A new partner can be introduced into a firm in the following ways:
1. With the consent of all existing partners.
2. In accordance with a contract between the partners.
3. In accordance with the provisions of section 30. (minors)KEEP READING
Position, Status and Rights of a Minor in a Partnership Firm
2021-04-22
(Useful for PT/MAINS)
Section 30: Minors admitted to the benefit of Partnership.
Who can be a partner?
With combined effect of section 2(c) and section 3, reference is made from section 10 of Indian Contract Act.
So any person of sound mind, major and not disqualified by law can be a partner.KEEP READING
Dissolution of a Partnership Firm – Partnership Act Notes
2020-04-28
Chapter VI of Partnership Act, 1932 talks about dissolution of a partnership firm.
The first step in the process of dissolution is to give public notice of it.
Dissolution of a Firm: Section 39KEEP READING
After death of partner can wife or legal heir be a partner of that partnership firm?
2019-12-10
After death of a partner can his wife or his legal heir be a partner of that partnership firm?
WritingLaw’s answer-
Section 42(C) of Partnership Act talks about ‘Dissolution of firm on the death of a partner.’
If there is no contract to the contrary then partnership automatically dissolves on the death of a partner.KEEP READING
Indian Partnership Act PDF Download
2019-07-03
Here is a beautiful PDF for Indian Partnership Act. You can download it and save it for times when you do not have internet connection.
The PDF has proper colours, links and fits perfectly on mobile phone.KEEP READING
