Regarding rendition of accounts under the indian partnership act.
G. Y. Sharma
(Querist) 16 April 2014
This query is : Resolved
Under what provision of law either in The Indian Partnership Act, 1932 or any where else, the continuing partners are required to prepare the financial accounts of the Firm such as the Profit & Loss Account and the Balance Sheet together with the relevant schedules and sub-schedules at the time of retirement of a partner in the partnership Firm? AND What are the circumstances which necessitate a partner to file a suit for rendition of accounts particularly at the time of or after his retirement from the partnership firm.
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