Member (Law) Vacancy At Arunachal Pradesh State Electricity Regulatory Commission The government of Arunachal Pradesh invites applications for the post of Member (Law) of the Arunachal Pradesh State Electricity Regulatory Commission Name of the Post: Member (Law) Essential Qualification and Experience…
Assistant Manager Legal at ReNew Power About Company ReNew Power, founded by Mr. Sumant Sinha, in 2011, is the leading renewable energy company in India and 10th largest in terms of operational capacity, globally. A Nasdaq listed company under ticker…
Legal Job : Senior Legal Counsel at AVEVA About Company AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. The company’s secure industrial cloud platform and applications enable businesses to harness…
Insolvency of a partner Section 34(1): An insolvent is not allowed to continue as a partner and therefore a person who is adjudicated insolvent ceases to be a partner on the date on which order of adjudication is made whether…
Expulsion of a partner Section 33 provides that “a partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith of powers conferred by contract between the partners”.Thus, two conditions…
OUTGOING PARTNERS Section 32-38 – A partner may cease to be a partner in following ways: By retirement By expulsion By insolvency By death 1. Retirement of a PartnerRetirement means voluntary withdrawal. According to the Section 32(1), a partner may…
INCOMING PARTNERS Section 31: Subject to contract between the partners and to the provision of Section 30, no person shall be introduced as a partner into a firm without the consent of all the existing partners. Subject to provisions of…
The kind of acts for which partners are liable a) Acts done within the authority of a partner which may be either express or implied ‘Authority’ means the capacity to bind the other by one’s act. Here, it is the…
Effect of notice to an acting partner (Section 24) Section 24: Notice to a partner who habitually acts in the business of the firm of anymatters relating to affairs of the firm operates as notice to the firm, except in…
Liability for torts and wrongful acts – Section 26 Section 26: Where by the wrongful act or omission of a partner acting in the ordinary courseof the business of the firm, or with the authority of is partner’s loss or…