Question
Which section of the Indian Partnership Act defines
“partnership”?Solution
Section 4 of the Indian Partnership Act, 1932 defines “partnership” as follows: “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.” This section lays down the core elements: agreement, sharing of profit, business motive, and mutual agency among the partners.
Any application made under section 19(1) of the Recovery of Debts and Bankruptcy Act for seeking permission from the Debts Recovery Tribunal shall be de...
Within how many days must mediation be completed as per the general rule in the Act?
Which of the following is not patentable under the Indian Patents Act, 1970?
Ex officio means_________________
Who will act as ex-officio chairman of Council of States?
The liability of legal representative in case of penalty payable under SEBI Act shall be
According to Section 167 of The Indian Evidence Act, 1872 the improper admission or rejection of evidence shall __________.
In the context of the Information Technology Act, 2000, who is referred to as the person in whose name the electronic signature certificate is issued?
Who is responsible for establishing one or more Micro and Small Enterprises Facilitation Councils, and how is this done as per the provisions of MSMED A...
As per the IRDA Act, 1999 the Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such fo...
