Author: Baby Modz

Nature of a Private Company

Incorporation of a private company is the earliestway to do business of an ordinary business by a family or ansmall group of persons because minimum two members are sufficient therein. Private Company is defined...

Merits of Company Form of Organisation

Some of the merits of company form of organisation discussed below: 1. Accumulation of Large Resources- The main drawback of the sole trade and partnership concerns has been the scarcity of resources the resources...

Who can be a Partnership?

1. Person- According to Sec. 11 of the Indian Contract Act, every person who is of the age of majority according to law to which he is subject to and who is of sound...

Partnership Deed Or Agreement

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. The contract or the agreement that forms...

Meaning of Dissolution of Firm

As per Sec. 39 of the Indian Partnership Act, 1932 the dissolution of partnership among all the partners is known as the ‘dissolution of the firm’. On dissolution, the firm’s business gets ended and...

Incoming Partnership

According to Sec. 31 of the Indian Partnership Act, keeping in view the provisions of the existing agreement (deed) and the provisions of Sec. 30 of the Indian Partnership Act, no person could be...