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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
State True or False:
Partnership agreement may be oral or written.
State True or False:
In a partnership firm, the liability of every partner is limited, joint and several.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
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 minor partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What do you mean by partner-in-profits only?
Distinguish between:
Partnership Firm and Joint Hindi Family.
Justify the following statement.
All partners are joint owners of the Partnership firm.
Attempt the following:
Explain different types of Partnership Firms.
Attempt the following:
Explain different types of Partners.
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?
Which law defines a partnership in India and provides its legal framework?
Which of the following is a major demerit of partnership firms?
