Question
If a partner commits wrongful acts within course of
business of the firm, who shall be liable?Solution
As per s.26 of The Indian Partnership Act, 1932, Where, by the wrongful act or omission of a partner acting in the ordinary course of the business of a firm, or with the authority of his partners, loss or injury is caused to any third party, or any penalty is incurred, the firm is liable therefor to the same extent as the partner.
Under the IBC, which of the following is NOT a condition for MSMEs to qualify for insolvency resolution?
Which of the following is not a subsidiary/associate company of SIDBI? Â
Which of the following is most likely to identify stocks with high earnings growth rates?
Which of the following actions is most likely to enhance the effectiveness of delegation in an organization?
Consider the following statements about ‘India's infrastructure journey’:
1.India's infrastructure journey has been domestic in outlook and i...
In India, a Peer-to-Peer (P2P) lending company is required to be registered as a/an ______ with the Reserve Bank of India (RBI).
Which of the following methods for calculating the Maximum Permissible Bank Finance (MPBF) considers the permanent level of current assets, also known a...
Consider the following statement regarding the Confederation of Real Estate Developers' Associations of India's (CREDAI) partnership with the Alliance f...
The credit risk free instruments issued by RBI on behalf of government of India in lieu of government’s market bearing programme are known as?
According to GFCI 38, which of the following statements is correct?
