Question : As Per Section ----------------- of the Indian Partnership act provides that a new partner shall not be inducted into the firm without the consent of all existing partner ?
Option 1: 35
Option 2: 38
Option 3: 42
Option 4: 31
Correct Answer: 31
Solution : The provisions for admitting a new partner to the partnership firm are covered in Section 31 of the Indian Partnership Act, 1932. It states that a new partner can only be added to the firm with the approval of all of the current partners.
Hence the correct answer is option 4.
Question : On dissolution of the firm, partner A demands that his loan of Rs. 1,00,000 should be paid before payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A's loan. State the order of payment.
Question : A and B are partners in a firm sharing profits in the ratio of 3:2. Mrs A has given a loan of Rs. 20,000 to the firm, and the firm also obtained a loan of Rs. 10,000 from B. The firm was dissolved, and its assets were realised for Rs. 25,000. State the order of payment of Mrs.
Question : The ____________ is an Act of the Parliament of the United Kingdom that partitioned British India into two new independent dominions of India and Pakistan in 1947.
Question : ___ is an Act of the Parliament of the United Kingdom that partitioned British India into two new independent dominions of India and Pakistan in 1947.
Question : The Partnership Deed is silent on the rate of interest to be paid on the amount due to the heirs of the deceased partner. At what rate interest on the outstanding amount shall be payable?
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