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The concept of ‘Holding Out’ is merely an application of the principle of estoppel, which in itself is a rule of evidence wherein a person is prevented or estopped from denying a statement he made or existence of facts that he makes another person believe. Holding out refers to a course of action or omission which leads others to believe that the person possesses an authority which in fact he doesn’t. In simple terms, if a person represents or knowingly permits others that he is a partner of a particular firm, and some other person carried on some transaction believing him to be a partner of the firm, then he is estopped from denying this representation later on. The concept of holding out has been provided under section 28 of the Indian Partnership Act, 1932 and section 29 of Limited Liability Partnership Act, 2008. These sections state that a person is held liable as a partner by holding out if the given conditions are fulfilled.
The special Judges appointed under the Prevention of Corruption Act shall try_________offences.
Who is the current chairman of TBT Committee?
As per s. 149 all the questions that are asked the court shall compell the witness to answer if it is____.
DIN under Companies Act stand for_______________
Which of the following is not true about redemption?
The Board shall, ________ of the receipt of a reference from the Adjudicating Authority for the recommendation of an insolvency professional who may...
W was ill-treated by her husband, H.Being fed up by the behaviour of H, W decided to end her life. She also had a child who was often ill-treated by his...
According to the Legal Service Authorities Act which of the following is a function that the Taluk Legal Services Committee may perform?
In case of fraud there is unlimited liability, has been provided for under which section of LLP Act?
Judges of the High Court are appointed by the.