According to Indian Partnership Act, 1932 which of the following situations makes a person a partner in a firm?
Section 6 of Indian Partnership Act, 1932 n determining whether a group of persons is or is not a firm, or whether a person is or is not a partner in a firm, regard shall be had to the real relation between the parties, as shown by all relevant facts taken together. Explanation 1.—The sharing of profits or of gross returns arising from property by persons holding a joint or common interest in that property does not of itself make such persons partners. Explanation 2.—The receipt by a person of a share of the profits of a business, or of a payment contingent upon the earning of profits or varying with the profits earned by a business, does not of itself make him a partner with the persons carrying on the business; and, in particular, the receipt of such share or payment— (a) by a lender of money to persons engaged or about to engage in any business, (b) by a servant or agent as remuneration, (c) by the widow or child of a deceased partner, as annuity, or (d) by a previous owner or part owner of the business, as consideration for the sale of the goodwill or share thereof, does not of itself make the receiver a partner with the persons carrying on the business.
Select the correct passive form of the given sentence.
Why do we have to do the house chores during this lockdown period?
Select the correct passive form of the given sentence.
Swallows build new nests every year.
In the following questions, some part of the sentence is highlighted. Which of the options given below the sentence should replace the part to make the...
Choose the option that is the passive form of the sentence.
Give the command.
The dormitories were being cleaned by some girls.
Select the correct Active/Passive form of the given sentence-
Who can count the pens in the school ?
Select the correct passive form of the given sentence.
Professor Sehgal will organise a webinar on investment tomorrow.
Choose the option that is the passive form of the sentence.
They considered it an impressive building.
Select the correct Passive form of the given sentence.
He drew a house in the morning.
The sentence has been given in Active/Passive Voice. Change the voice to Passive/Active.
The students are raising many questions