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प्रश्न
Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.
- Identify the form of business organisation in the above example.
- Is it a registered organisation?
- What is the Profession of Mr. Sawant?
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उत्तर
- The business organisation in the given example is a partnership firm, as it is operated by two people who have joined forces to start a business and share its earnings and losses.
- In India, partnership firms can be registered or unregistered. Registration is not required, but it is advised since it provides legal benefits and protection under the Indian Partnership Act of 1932. If "ST Firms" is registered, it will be filed with the Registrar of Firms in Nagpur. If "ST Firms" is not registered, it remains a lawful partnership but lacks the legal benefits and protections associated with registration.
- The profession of Mr. Sawant is Chartered Accountant.
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संबंधित प्रश्न
Complete the sentence.
When there is no provision in partnership agreement regarding time period for partnership then it is known as _____________.
Answer in one sentence.
What do you mean by partnership firm?
Correct the underlined word and rewrite the following sentence.
Indian Partnership Act, 1940 is applicable in India.
Study the following case situation and express your opinion:
Mr. Jumbo a Chartered Accountant by profession and Mrs. Timbo, an Architect by professing running a firm namely ‘Buildsheet’ in Nagpur.
- Identify a business in the above example.
- Comment on it?
- Which two professions are mentioned here?
Justify the following statement.
Active partners take active part in day to day management of partnership firm.
Attempt the following:
Explain the features of a partnership firm.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence:
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentences.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Which law defines a partnership in India and provides its legal framework?
According to the features of partnership shown in the image, what is required for a partner to transfer their ownership interest to someone outside the firm?
