Arbitration is presently at a stage of great development in India, with technology being more and more used in India since the early 2000...
Read moreINTRODUCTION OF THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 1. LIMITED LIABILITY PARTNERSHIP-MEANING AND CONCEPT Meaning A LLP is a...
Read moreThe American Revolution was a grand political and military struggle waged between 1765 and 1783 when 13 of Britain’s North American colonie...
Read moreRegistration of firms Application for registration (Section 58): (1) A firm may be registered at any time by sending it by post or by delive...
Read moreRelation of partners to third parties under partnership act 1. Being a partner of the firm (Section 18): Subject to the provisions of this A...
Read more1. Property of the Firm (Section 14): Subject to a contract between the partners, the property The property originally brought into the sto...
Read moreWhat is a creditor? Creditors are individuals, people, or other entities (that is, organizations, government bodies, etc.) to whom money is...
Read moreRELATION OF PARTNERS TO ONE ANOTHER The Partnership Act contains various provisions regulating the relationship between partners. 1. GENERAL...
Read moreKINDS OF PARTNERSHIPS The various kinds of partnership are discussed below: 1. Partnership at will according to Section 7 of the Act, partne...
Read moreTYPES OF PARTNERS Based on the extent of liability, the different classes of partners are: Active or Ostensible Nominal Sub-partner Outgo...
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