Post by: Renu Suresh in Partnership Firm
Is it compulsory to register a partner? Registration of a partner to a partnership firm is not mandatory in India. However, if a new partner joins the partnership, the partnership deed should be amended, and a supplementary agreement should be…
Post by: Renu Suresh in Company Registration
When can a firm be registered? A Partnership firm can be registered in India at any time during its existence, but it's recommended to register the firm as soon as possible after its formation. Registering a partnership firm in India…
Post by: Renu Suresh in Company Partnership Firm
Who cannot be a partner in a firm? A partnership firm is a business entity where two or more people come together to carry on a business and share its profits and losses. While partnerships offer several advantages, such as…
Post by: Renu Suresh in Partnership Firm
What are the types of partnership deeds? Partnerships are a popular form of business organization that allows two or more individuals to collaborate and share the profits and losses of a business. To establish a partnership, partners must draft and…
Post by: Renu Suresh in Limited Liability Partnership (LLP)
What is the Difference Between Partnership & Limited Liability Partnership Firm? Partnership and Limited Liability Partnership (LLP) are two different types of business structures with some distinct differences. Understanding the difference between Partnership & LLP is crucial for entrepreneurs looking…
Post by: Arnold Thomas in Government Initiatives
Biotechnology Industry Partnership Programme (BIPP) Biotechnology Industry Partnership Programme (BIPP) supports the development of necessary technologies in the circumstances of recognized national priorities in the area of health, bio-energy, agriculture and green manufacturing. It is an “Ideation to Late Stage”…
Post by: Arnold Thomas in Legal MCA
Class Action Suits A suit can be filed by one or more persons in general. But when the suit is against a company, there is a chance that there can be a large number of people existing who are directly…
Post by: Chris John in Partnership Firm
Addition and Removal of Partners Any slight changes made in the relationship between partners in a partnership firm would result in the reconstitution of the firm itself. Thus, whenever a new partner is introduced or when an existing partner is…
Post by: Chris John in Partnership Firm
Rights and Duties of Partners in a Partnership Firm The mutual relations between the partners of a firm comes into existence through an agreement between the said partners. This gives rise to mutual right and duties to every partner involved…
Post by: Chris John in Partnership Firm
Partnership Firm The law relating to partnership firm in India is prescribed in the Indian Partnership Act of 1932. This Act lays down the rights and duties of the partners between themselves and other legal relations between partners and third…
