nia 138

Querist : Anonymous (Querist) 29 November 2014 This query is : Resolved
Are all partners are liable in partnership business in 138 nia and i want a specialist advocate for 138 in chandigarh high court

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Guest (Expert) 29 November 2014
Anonymous I Prefer No Replies

Guest (Expert) 29 November 2014
State your real problem, not a question in academic style.

ajay sethi (Expert) 29 November 2014
anonymous query . search in LCI database for lawyers in chandigarh

Rajendra K Goyal (Expert) 29 November 2014
No reply to anonymous query.

Querist : Anonymous (Querist) 29 November 2014
I want to know that the only signatory of cheque is liable in a partnership firm or other partners are also liable as my partner has given cheque without my knowledge .

Guest (Expert) 29 November 2014
The information is still incomplete to the extent whether the account is in the name of the firm or the individual signatory. However, if issued from the account belonging to the firm or to meet with the liability for and on behalf of a firm, all the partners are liable for dishonoured cheque, not merely the signatory.

Querist : Anonymous (Querist) 29 November 2014
The cheque was issued from the firm account

Shailesh Kr. Shah (Expert) 29 November 2014
In case of partnership, all partners are jointly as well as severally liable for act/omission of the firm.

Guest (Expert) 29 November 2014
When cheque was issued from the firm account, all the partners can be held responsible for the dishonour of cheque, not merely the signatory of the cheque. No escape for other partners.

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