KAMLESH KUKREJA
19 December 2012 at 16:10
as per sec 24 of Indian partnership act,1932 Notice to a partner, who habitually acts in the business of the firm of any matter relating to the affairs of the firm operates as notice to the firm, except in the case of a fraud on the firm committed by or with the consent of that partner.
i am unable to understand situation of except(exception case)
can i get example of same
hetalsangoi
19 December 2012 at 10:01
Defaulting in filing of Annual return and Balance sheet for the financial year 2007-2008,2009-2010,2010-2011,2011-12 WHAT ARE THE CONSEQUENSES OF THAT? AND CO IS NOT OPERATING NOW? WHAT IS THE SOLUTION TO CLOSE THE COMPANIES? IF CO FILES ALL THE ABOVE FINANCIAL RETUN WHAT ARE THE PENALTY ARE THERE?
KAMLESH KUKREJA
18 December 2012 at 23:14
there are 3(A,B,C) partners in partnership.at the time of entering into partnership(oral agreement) they decided that only A will manage the business & B & C will only review the operations of business.after sometime B also want to manage day to day activities but A refuses and says that according to partnership deed only A can manage day to day activities but B says that he have right to manage business as he is partner
my question is who is correct A or B?
Asif Kodiya
18 December 2012 at 15:19
Dear Concern
One Rupee Revenue Stamp is sufficient for a Receipt, if the amount is above Rs.5000, under Article 53 of Indian Stamp Act. If the amount is less than Rs.5000 you need not affix any Revenue Stamp.
At present the limit has been changed to Rs 6500.. Am i correct?
I am unable to find Rs 6500 limit under section 53 of this act.
Can i get any link/reference where i can find the amendment related to this if any..
madhisudhan
18 December 2012 at 14:32
My wife is starting a ladies beauty parlour for ladies and children in residential area which is very nearly adjustable to main road in lingarajapuram, There is no objection from the owner for the business but a resident straight front of our shop is objecting for this business without giving any reason and he is threating me that he knows commissioner, MLA and lawyers to stop opeining my wife business there, how should i need to start the business by facing him or is there any legal restrictions where i need to follow. please reply me very soon.
Thanking you,
Madhisudhan
Bhalnish Desai
18 December 2012 at 09:30
We want to sell company's guest house. It is necessary to conduct Share Holder's meeting.
Ysil Karunai
17 December 2012 at 18:49
Dear Sir,
There is a dispute between the two partners say A and B (they are the only partners in a registered firm) and each partner willing to continue the business now as a proprietory concern as soon as the firm dissolved. Since A was a Managing partner named in the partnership deed and claiming he has the substantial power and he has a right to continue the business in his own. Further B also claiming as both the partners have equal rights, since because the A was Managing Partner he doesnt own any extra power as per partnership act.
Please Clarify who's claim is valid and suggest the best remedy for this?
Asif Kodiya
16 December 2012 at 19:38
Dear Concern
I want to know the rate of depreciation (as per section 205 & 350) charged on the following assets:
1) Mobile phone
2) Software
3) office equipment
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Recovery of money sec 27 of indian poartnership act,1932
an partnership firm carries on trading business in goods.firm sells goods on credit basis and payment is always received in cash in office of partnership firm, but when one of partner visits the office of customer for some work.client paid him the money at that time itself in his office(partner is not authorized to receive cash) and partner does not account for that cash and he run away.
can firm recover the money from customer as customer have not paid at office.