Question
Partner's authority in an emergency is covered under
which section of Indian Partnership Act?Solution
S. 21 PARTNER'S AUTHORITY IN AN EMERGENCY. A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm from loss as would be done by a person of ordinary prudence, in his own case, acting under similar circumstances, and such acts bind the firm.
As far as the Stand Up India Scheme is concerned, In case of non-individual enterprises, __________ of the shareholding and controlling stake should be...
 RSP Ltd has a net profit margin of 12% and a total asset turnover of 1.2 times and a financial leverage multiplier of 1.2 times. RSP Ltd’s return ...
Which of the following statements is true about the Credit Proposal Tracking System (CPTS) for MSME loan applications?
Which organization has launched the "Red List of Mangrove Ecosystems"?
What is the priority sector lending target for scheduled commercial banks in India?
If the Value of work certified is 300000 and the Value of Work uncertified is 100000, and the contractee is paying 180000 to the contractor, then what i...
According to the Union Budget 2023-24, consider the following statements.Â
1. The Prime Minister has given a vision for “LiFE”, or Lifestyle...
A loan facility extended for import of goods or services, is called as ________
How is working capital finance calculated for Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore?
What is the minimum tradable amount at which treasury bill is quoted in secondary market?
