Tag: Partnership Act
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Right of Outgoing Partners in Partnership Firm with Law

Advocate Birbal SharmaComment(0)

RIGHTS OF OUTGOING PARTNER IN PARTNERSHIP FIRM Section 36 to 38 of the Partnership Act Deals with the law related to Right of Outgoing Partners. 1.1: – Rights of outgoing partner to carry on competing business Section 36 of Indian Partnership Act-1932 1.3: – Right of outgoing partner in certain cases to share subsequent profits·      […]
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After death of a partner can his wife or his legal heir be a partner of that partnership firm As per Partnership Act 1932? ||Section 42(C) of Partnership Act

Advocate Birbal SharmaComment(0)

After death of a partner can his wife or his legal heir be a partner of that partnership firm As per Partnership Act 1932? Section 42(C) of Partnership Act 1932 talks about ‘Dissolution of firm on the death of a partner.’ If there is no contract to the contrary then partnership firm automatically dissolves on […]