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As per The Indian Partnership Act, 1932 Section16 PERSONAL PROFITS EARNED BY PARTNERS. Subject to the contract between the partners, - (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm-name, he shall account for that profit and pay it to the firm ; (b) if a partner carries on any business of the same nature as and competing with that of the firm, he shall account for and pay to the firm all profits made by him in that business.
Which rock inscription gives an account of the achievements of Kalinga King Kharvela ?
According to the Code on Wages Act 2020, what is the duration during which strikes and lock-outs are prohibited after proceedings before a tribunal?
Pipe ‘X’ can fill a tank in 15 hours, while pipe ‘Y’ can fill the same tank in 20 hours. If both pipes are opened simultaneously, how long will ...
Who became the 36th president of BCCI?
If the volume of a sphere is 36π cm ³ , then the diameter of the sphere is:
During the Quit India Movement (1942) parallel Government was established in a part of India, match the following
1. Ballia(UP) ...
Which of the following statement is/are correct about “VV Giri”?
I. Giri was a founding member of the All-India Railwayme...
Who has been appointed as the leader of NASA's newly established initiative "Moon Tour Mars"?
An object placed at a distance of 25 cm from a converging lens forms a real and inverted image at 30 cm from the lens. The magnification produced by the...
A shopkeeper sold an article at a discount of 13%. If he had given a discount of 8.5% in place of 13%, then he would have earned Rs. 72 more. If the cos...