Question
According to Indian Partnership Act When a partner
transfers their interest in the firm, the transferee is entitled to______________________Solution
Receive the share of profits of the transferring partner, Explanation: Section 29: A transfer by a partner of his interest in the firm, either absolute or by mortgage, or by the creation by him of a charge on such interest, does not entitle the transferee, during the continuance of the firm, to interfere in the conduct of the business, or to require accounts, or to inspect the books of the firm, but entitles the transferee only to receive the share of profits of the transferring partner, and the transferee shall accept the account of profits agreed to by the partners.
India’s first numberless credit card has been launched that will not display any card number, expiry date, or CVV number and allows customers to link ...
- To which zoological class do corals belong?
Which of the following Directive Principles is not added by way of amendment of the constitution:
Meta announced that India would get access to payments via WhatsApp Business messaging, allowing customers to pay businesses on the app with the UPI opt...
Which organization members recently adopted the Rome Declaration on Water Scarcity in Agriculture?
Who took oath as the 9th President of Sri Lanka in 2024?
Aatmanirbhar Bharat Rojgar Yojana was implemented through which organisation?
- Which nation hosted the multinational air combat exercise "Desert Flag-10" in April 2025, where the Indian Air Force (IAF) sent a contingent to participate...
When was the Pradhan Mantri Awas Yojana launched?
Where is IIT Madras launching its first international flagship centre?