Question
If a partner earns some profit for himself from the
business of the firm?Solution
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. Â
Consider the following Statements about PLFS and choose the option with correct Statements.
(I)- PLFS estimates the key employment and unemplo...
Which of the following Schemes aim at Poverty Alleviation?
According to the Economic Survey 2024–25, India’s real GDP growth projection for FY26 lies between:
What is the "Mission LiFE" mentioned during the summit?
Who is the chairperson of the Advisory Committee on National Account Statistics (ACNAS) formed for guiding methodological improvements?
'Mission Shakti' was launched during the 15th Finance Commission period 2021-22 to ______.
Consider the following Statements about National Health Mission           and choose the option with correct Statements.
(1) The N...
Which of the following statement is not true about the scheme mentioned in the passage?
I. It aims to develop infrastructure in 500 cities
Under Mission Vatsalya, the support is extended to which of the following Non-Institutional Care?
FASTag is implemented by Indian Highways Management Company Limited (IHMCL) & _____________________.
