Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Government of India has launched Pradhan Mantri Suraksha Bima Yojana in the year 2015. Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident Insurance Scheme offering accidental death and disability insurance cover for death or disability on account of an accident. The scheme is administered through Public Sector General Insurance Companies (PSGICs) and other General Insurance companies […]

Consumer Protection Act, 2019

In India, new technological developments are making a high impact on the quantity and the quality of the products, but the fact is that the consumers are still the victim of fraudulent practices. Therefore, the Consumer Protection Act,2019 comes in to force from 20 July, with its salient features including the establishment of the Central Consumer Protection Authority (CCPA) to

Section 32 – The Partnership Act, 1932

Retirement of A Partner (1) A partner may retire – (a) with the consent of all the otter partners, (b) in accordance with an express agreement by the partners, or (c) where the partnership is at will, by giving notice in writing to all the other partners of his intention to retire. (2) A retiring partner may be discharged from

Section 31 – The Partnership Act, 1932

Introduction Of A Partner (1) Subject to contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a firm without the consent of all the existing partners. (2) Subject to the provisions of section 30, a person who is introduced as a partner into a firm does not thereby

Section 30 – The Partnership Act, 1932

Minors Admitted to the Benefits of Partnership (1) A person who is a minor according to the law to which he is subject may not be a partner in a firm, but, with the consent of all the partners for the time being, he may be admitted to the benefits of partnership. (2) Such minor has a

Section 29 – The Partnership Act, 1932

Rights of Transferee of A Partner’s Interest. (1) A transfer by a partner of his interest in the firm, either absolute or by mortgage, or, by the creation by him of a charge on such interest, does not entitle the transferee, during the continuance of the firm, to interfere in the conduct of the business

Section 28 – The Partnership Act, 1932

Holdingout (1) Anyone who by words spoken or written or by conduct represent himself, or knowingly permits himself to be represented, to be a partner in a firm, is liable as a partner in that firm to anyone who has on the faith of any such representation given credit to the firm, whether the person representing

Section 27 – The Partnership Act, 1932

Liability of Firm For Misapplication by Partners. Where – (a) a partner acting within his apparent authority receives money or property from a third party and misapplies it, or (b) a firm in the course of its business receives money or property from a third party, and the money or property is misapplied by any of the partners while it is in

Section 26 – The Partnership Act, 1932

Liability of the Firm For Wrongful Acts of A Partner Where, by the wrongful act or omission of a partner acting in the ordinary course of the business of a firm or with the authority of his partners, loss or injury is caused to any third party, or any penalty is incurred, the firm is liable therefor to

Section 25 – The Partnership Act, 1932

Liability of A Partner For Acts of the Firm. Every partner is liable jointly with all the other partners and also severally, for all acts of the firm done while he is a partner Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice