In this article, we will discuss how to draft a partnership deed. What is a Partnership deed? A partnership deed is a signed legal document that is required for running a business and shares the profit or loss depending on the situation whatever the amount incurred between two or more persons under mutual consent. A […]
HOW TO DRAFT AN PARTNERSHIP DEED Read More »
In this article, we will discuss various topics of partnership under section 9 and section 20 to section 29 of the Indian Partnership Act, 1930.
Indian Partnership Act: Section 9 & 20-29 Read More »
In this article, we will discuss the liability of a partners to third parties. In our previous articles, we have already discussed the basics of partnership, minor’s position in partnership, and the rights and duties of partners. What are the related provisions? This part is covered in CHAPTER IV under section 25 to 27 of the Indian Partnership
Partnership: Liability to third parties Read More »
In our previous blogs, we have discussed the basics of Partnership form of business, Minor’s rights, and liabilities. Here, we shall discuss the rights and duties of partners in a partnership. Mutual rights and duties of partners The mutual relations of the partners of the firm came into existence by an agreement between the partners
Rights and Duties of Partners in Partnership Read More »
We’ve already discussed the basics of partnership. Now, we shall discuss the topic Position of a Minor in Partnership. Before we do that we have to understand some basic definitions: Who is a minor? The Indian Majority Act, 1875 specifies the age of majority in India i.e 18 years. Even a person short of a
Rights and Liabilities of a Minor in Partnership Read More »