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Section 4 and 5 of Partnership Act Section4 DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM-NAME". "Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". Section5 PARTNERSHIP NOT CREATED BY STATUS. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
During the Gupta Period, what were gold coins called?
The President of India has the power of pardoning under which Article?
Select the correct statement about the Fundamental Rights as outlined in the Indian Constitution:
Which Article of the Indian Constitution directs the State to strive for a Uniform Civil Code?
The structural framework of the Indian Constitution is largely derived from which Government of India Act?
Under which amendment was Education made a fundamental right in India?
Which of the following is not a part of the Fundamental Duties under the Indian Constitution?
Which of the following statements about Fundamental Rights in the Indian Constitution is FALSE?
Which article of the Indian Constitution guarantees the right to move to the Supreme Court for the enforcement of Fundamental Rights and authorizes the ...
Which constitutional article mandates equal pay for equal work in India?
