Section 4 and 5 of Partnership Act Section4 DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM-NAME". "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. Persons who have entered into partnership with one another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name". Section5 PARTNERSHIP NOT CREATED BY STATUS. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
In a repurchase agreement, the percentage difference between the repurchase price and amount borrowed is equal to:
The Reserve Bank of India (RBI) will launch its digital currency as a ______ project in India.
The RBI revised its instructions on Bulk Deposits for Urban Co-operative Banks (UCBs) in January 2024. Under this revision, what is the minimum amount c...
A type of prospectus issued by companies making multiple issues of securities for raising funds is called:
Which of the following PSB has become the second most valuable bank recently in terms of market capitalisation ?
What is the full form of CPM in project management?
Which of the following lays out the standard of ethical behaviour expected from employees?
A. Code of ethics
B. Code of c...
Bank Rate is also known as:
Consider the following -:
I. Coal
II. Natural Gas
III. Steel
IV. Textile
V. Cement
Which of the i...
Sustainable Development Goals (SDGs) are an urgent call for action by all countries - developed and developing - in a global partnership. They recogniz...
