Legal Service India - laws of Partnership, Contracts, torts in India

Cyber Laws in India

Partnership Firms, Contracts, Torts

# partnership firm be registered
# partnership deed
# partners in a partnership firm
# Surrogacy Contracts

click here for LIVE help-desk
Chat with us  (2 PM - 9 PM IST)

Divorce Advice  Cyber Law  Income tax  family law  forms  lawyers Chat   find a lawyer   Lawyers Registration

Partnership lawyers in India

   E-mail login                   Password
        

Free Email Sign Up
  Search On:Computer Laws in IndiaLawyers Search

Commonly asked questions on partnership firms
Mr. Vatsala Dhananjay, - M.A., L.L.B. Advocate (Estate Law)

1. Should a partnership firm be registered?
Not necessarily. However, unless a partnership firm is registered with the registrar of firms and societies, the rights of the partners inter se or against strangers cannot be enforced in a court of law. If the partnership deed itself creates, transfers or affects an interest in immovable property.

2. Is a partnership deed necessary to form a partnership firm?
No, it is not necessary. However it is often prudent to make a partnership deed to produce to the bank, income tax authorities and to clients with whom the partnership firm deals with.

3. Can a partnership firm be constituted for a particular business undertaking?
Yes. A person may become a partner with another for a single adventure or undertaking.

4. Is there a limit on the number of partners in a partnership firm?
Yes. If the number of partners is more than 20, it has to be registered as a company. 

5. Can a partnership firm be sued in the name of the firm?
A person may sue a partnership firm but the plaint has to disclose the name of all the partners who constitute the firm. However under the Income Tax Act, a firm can be assessed to tax independently of its partners. A partnership firm therefore enjoys a quasi independent status.

6. Can one deal with one of the partners of a partnership firm?
Yes. The law presumes that each partner is an agent of the other and dealing in good faith with one partner binds the other partners as well. There are certain exceptions to this rule, which is answered in the next question.

7. What are the acts that all partners should give express consent to do?
Submitting a suit for arbitration, transfer of immovable property, acquisition of immovable property, withdrawal of suits is all forbidden except by the consent of all partners or by the usage of custom to the contrary.

8. Is the firm liable for the wrongful act of one partner?
Yes. The firm and all the partners are liable for the wrongful act or fraud which causes loss or injury to any third parties. 

9. Should a retiring partner give notice of his retirement from the firm?
Every partner will be liable for the acts of the firm even if he has retired, if he has failed to give public notice of his retirement. Such notice should be given to the registrar of firms an by announcements in the local official gazette.

10. Does the death of a partner dissolve the partnership firm?
Yes. The death of a partner automatically dissolves the partnership firm. It is however usual for the partnership deed to provide before hand that the firm should continue in spite of death, retirement or insolvency of a partner. 

11. What is a partnership at will?
When the partnership deed does not contain any provision for the duration of the partnership nor conditions for the termination of partnership, it is a partnership at will.

12. What is the legal status of partnership property?
Any property can be treated as the property of the firm by simply showing it as such in the book of accounts. This would constitute partnership property and all partners are joint owners of the partnership property as increased or decreased by profits in the course of business. Property belonging to an individual partner does not become the firm's property simply by being used for the purpose of the partnership

Legal Advice
Consult Our legal Experts, all issues related Marriage, Divorce, Separation, Adoption, Wills etc - Get your solution within 48hrs - To avail Our professional service Click Here

CopyrightOnline Copyright Registration
We offer copyright registration right from your desktop....

Over 51,000 Copyrights registered as of 10/2/2012
Thank you for your trust in us

Law More Articles:
Documents Which Do Not Require Registration
 Electronic Records In Share Market
Corporate Crimes

Internet laws  Discussion Forum - Cyber LawsImmigration Law
 Internet laws Patent & Industrial Design  Internet laws Intellectual Property

#
Media laws forum
# Draft Paper On:
National Electronics/ IT Hardware Manufacturing Policy

Surrogacy Contracts: The question on legality of surrogacy contract revolves around the models of Rights Jurisprudence and Regimes of State Responsibility; the former insists on the importance of institution.

Third Party Beneficiary Rights: The rule of privity of contract is the principle that a third party cannot sue for damages on a contract to which he is not a party. This rule has been strongly criticized in recent times, .....

Wagering Contracts: The meaning of ‘wagering’ is staking something of value upon the result of some future uncertain event, such as a horse race, or upon the ascertainment of the truth concerning some past.....

E-contracts & issues involved in its formation: An attempt to reveal the incomplete character of the laws present in India w.r.t the econtratcs by analysing issues involved in the formation of an e-contract...

Downward trend of Real Estate - A boon for NRI’s: An article on the changing face of the Indian real estate in India and how this downfall could help the NRIs.......

Indian Domestic Arbitration: In India, laws/rules that govern the arbitration process are laid down in Arbitration and Conciliation Act, 1996......

Counterfeit: The article deals with counterfeit its asian, indian and world scenario . landmark cases along with latest developments......

E-Cheque System in India: With amendments in the Sections 6 and 1(4), coupled with the introduction of 81 A to the Negotiable Instruments Act, 1881, ECT is now legalized...

Relevance of Quasi-Contracts: There are certain situations wherein certain persons are required to perform an obligation despite the fact that he hasn’t broken any contract nor committed any tort......

 Malicious Prosecution under Law of Tort: Malicious prosecution is an abuse of the process of the court by wrongfully setting the law in motion on a criminal charge. In order to succeed the .....

 Tortious Remedies - Injunction: Anyone moving the court in regard of some injury whether past or continuing must first ensure exhaustion of preferred relief measures of seeking damages....

 Vicarious Liability of Employers in Sexual torts committed by employees: With a steep rise in the number of womenfolk being employed in the patriarchal society like India, the safety of women is....

Mass Torts & MNC’s Liability: can be explained as ‘Such activity of the defendant, the harm caused by which is wide and a large number or sector of society gets affected simultaneously’...

Torts in India: Torts are civil wrongs resulting in personal injury or harm that constitutes grounds for a lawsuit. Thus, tort law addresses conflicts between private individuals or entities......

Torts In India: The law of torts in India is mainly inspired by the English law of torts. The application of the English law of torts has however been selective to suit the Indian conditions....

Evidentiary Value Of E-Contracts: E-Commerce, as the name suggests, is the practice of buying and selling goods and services through online consumer services on the internet.....

Government Contracts: The article purposes to review and analyze provisions in the Indian Contract Act and the Constitution of India with respect to Government contracts...

Comprehensive Analysis of Tort: The word tort is derived from the Latin tortus, meaning twisted. It therefore, includes that conduct which is not straight or lawful...

Standard Form Contracts: The law of contract has in recent time to face a problem, which is assuming new dimensions. The problem has arisen out of the modern large scale and widespread...

Effect Of Non-Registration: The section is a long one. Its length is due to the desire of the Legislature to make the adverse effects of non-registration so broad-based and ...

Lawyers in India - Search By CityLawyers in India
lawyers in Delhi - New Delhi
lawyers in Chandigarh
lawyers in Surat
lawyers in Nashik
lawyers in Janjgir
lawyers in Lucknow
lawyers in Kolkata
lawyers in Hyderabad
lawyers in Rajkot
lawyers in Nagpur
lawyers in Indore
lawyers in Agra
lawyers in Mumbai
lawyers in Bangalore
lawyers in Pune
lawyers in Pondicherry
lawyers in Jaipur
lawyers in Allahabad
lawyers in Chennai
lawyers in Ahmedabad
lawyers in Jodhpur
lawyers in Cochin
lawyers in Thane
lawyers in Ranchi
Lawyers in India Delhi NCR lawyers Ghaziabad lawyersFaridabad lawyersGurgaon lawyersNoida & Gr Noida  Lawyers in India Ludhiana
Lawyers Around The world SearchLawyers in India
lawyers in New York
lawyers in Paris
lawyers in Switzerland
lawyers in Italy
lawyers in Los Angeles
lawyers in Dubai
lawyers in Singapore
lawyers in Toronto
lawyers in London
lawyers in Barbados
lawyers in Birmingham
lawyers in Panama
lawyers in Sydney
lawyers in Milan
lawyers in Cameroon
lawyers in Johannesburg

*Lawyers Membership
Lawyers Register now  - Help Boost your practice, We provide Client leads directly to you no middleman intervention click here now
 

Choudhury's law Firm
Is one of the leading law firm in Delhi dealing exclusively on Family laws, Divorce, Criminal laws, Civil Laws & PIL

Contact Ph On: 9650499965
CopyrightOnline Copyright Registration
We offer copyright registration right from your desktop....

Over 58,000 Copyrights registered in India as of 1/05/2013
Thank you for your trust in us

Bare Acts of India:

# Criminal procedure Code of 1973
#
The Foreign Marriage Act, 1969
#
Transfer of Property Act 1882

# Muslim Personal Law (Shariat) Application Act, 1937
# Indian Penal Code,1860

# The Transplantation of Human Organ Act 1994
# The Cinematograph Act, 1952
# Copyright Act of 1957
#
The Emigration Act, 1983

Union Budget 2012
Trademark law Trademark laws and Issues - Discussion Forum
Trademark law Trademark Registration and Violation
Copyright law Copyright Laws - Discussion Forum

Your Name         Your E-mail
    


*** Find us in Social media: Find us on Law Google plus,  Law - Facebook ,  Law -Twitter

Legal Service India

Cyber Law
Copyright
Protect your website
Trademarks
Income-Tax
Criminal laws
Contract laws
Lok Adalat, legal Aid & PIL
Medico Legal
Divorce law
Family law
Wills
law ibrary
Law Articles
Legal Resources
Cheque bounce laws
Constitutional Law
Immigration Law

Company Law
Woman issues
Consumer laws
Cause Lists
High Courts in India
legal Profession
Supreme Court Judgments
Legal Latin maxims
Famous Trials
Law Forum

Web-Search
Blogs

Law Blog
legal Discussion Forum
Download law Forms
Famous - Quotes
Stamp Duty Calculator
Bare - Acts
Ad page
Sitemap

RSS Feed
legal Service India

Home | About Us | Privacy | Terms of use | F A Q | Divorce by mutual consent | Lawyers | Submit article | Sitemap | Contact Us

legal Service India.com is Copyrighted under the Registrar of Copyright Act ( Govt of India) © 2000-2013
ISBN No: 978-93-82417-01-9