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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.
Which of the following is a type of life insurance policy that combines insurance coverage with investment?
1)Term life insurance
2)Whole ...
Which asset management company launched India's first Defence Index Fund?
A charge created over an asset as security that gives equal rights to all lenders is called _____
What is the role of Depository Participants (DPs) in the Indian capital market?
Who manages the ASPIRE Fund of Funds?
State whether the following statements are true/false:
1 A fixed budget is prepared for only Range of activity.
2 A flexible budget is pre...
Which of the following risks are addressed by Asset Liability Management ?
Which of the following is a method of measuring the loss in the value of the portfolio over a given period and for a distribution of historic return?
Letter of credit is opened at the request of whom among the following?
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I. S...