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Kinds of partners
...Types of Partners The partners of a firm are broadly divided into three main categories. (1) General Partners.(2) Special Partners. (3) Other Partners.(1) General PartnersBasically all the partners of a firm are general partners. General partners we those whose liability is unlimited in the f General partners are of two types (a) Active partner, and (b) Sleeping partner. (a) Active Partner A partn.... 
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Salient features or characteristics of partnership
...Definitions of Partnership. A partnership is an association of two at more persons to carry on as co owners of a business and to share its profits and losses. Section 4 of the Partnership Act defines partnership as “the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.” ‘Persons who have entered into partnership w.... Read
Business organization nature and scope
...Meaning of Business OrganizationBusiness organization is composed of two words, business and organization. In order to understand the nature of business organization, it is necessary that the meaning of these two words is made clear to the readers.(1) BusinessBusiness is a human economic activity. It involves continuous and regular production and distribution of goods and services with a view to e.... Read
Merits and demerits of partnership form of organization
...What is partnership?Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all. According to Haney, “Partnership is the relation between persons competing to make contract who agree to carry on a lawful business In common with a view of .... Read
Mutual duties rights and liabilities of partners in the absence of partnership agreement
...The duties, rights and liabilities of partners in the conduct and management of the affairs of the partnership are contained in its partnership deed. However, if on any point, the deed is silent, then the relevant rule of the Partnership Act, 1932, will apply. In the absence of a written partnership agreement, the mutual rights and duties of partners shall be governed by the Partnership Act which .... Read
The position of a minor in partnership
...major (not completed 18 years). A minor cannot enter into a contract according to Section 20 of Partnership Act. A contract with minor is void. Since partnership is a relation resulting from contact, therefore a minor cannot be a partner in a firm. A Minor Can Be Admitted to The Benefits of Partnership AloneA minor can be admitted to the benefits of a partnership with the consent of all other part.... Read
Partnership distinguished from co ownership
...Meaning of Co-Ownership Partnership and co-ownership have different meanings. In partnership, there is an association of two or more, persons who carry on common business for earning profit. They share its profits and losses as per oral or verbal agreement. Co-Ownership refers to joint ownership in a property by more than one person. If two, or more persons A 6 and C, purchase a property collecUve.... Read
Tips to increase height naturally after 18
...sible. Height Increase After 18
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Here are height growth tips after 18 years of age:1. Simple exercises like rope skipping, hanging from a bar, stretching the body by standing on your toes etc can be performed on a daily basis as a routine. Not only can these steps help to grow taller, but they are also good for overall fitness.2. Men and women wh.... Read
Partnership agreement deed
...What is Partnership Deed? Partnership agreement in writing is called partnership deed. Partnership deed is a document which is signed by all the partners and which contains all the matters determining and governing the mutual rights, duties and liabilities of the partners in the conduct and management of the affairs of the partnership. It may also be referred to as articles of partnership” conta.... Read
One man control is best in the world
...What is Meant By One Man Control? One man control or one man business (also called sole proprietorship) is the simplest form of business organization. The description ‘One man business’ or ‘one man control’ is sometimes con as misleading one, as there may be more than one persons working as employees in the business. The essential condition of one man control or one man business is that it.... Read
Apsrtc recruitment 2010
...In abounding evolving nations, bus adventure is one of the best befitting bargain agencies of transportation. In India, foremost cities, villages, and day-tripper locations as able-bodied as country areas are able-bodied absorbed by drillmaster routes. In Andhra Pradesh alone, which is one of the above states in South India, the accompaniment artery carriage APSRTC has in its agile about 18000+ bu.... Read
Different types of bank customers
... bank is anxious to increase its customers. However, every one cannot be accepted as its customer. Only those persons who are competent in law to enter into a contract can be considered as customers. The bank is and should be very cautious in the selection of customers as it is to have a continued relationship with them. The customers of a bank can mainly be divided into two categories (1) Ordinar.... Read
Kinds of inflation
...KINDS OF INFLATIONInflation is of different types. It is generally classified on the following basis:(1) On the Basis of Rate of inflationInflation on this basis is grouped as (i) Creeping inflation (ii) Walking inflation (iii) Running inflation and (iv) Hyper inflation.(i) Creeping inflation. is a situation in which the rise in general price level is at a very slow rate over a period of time. Und.... Read
Reconstitution of partnership or admission and withdrawal of partners in a firm
...(1) Admission of a New Partner According to the Partnership Act, no new partner can be taken in a firm without the consent of all the existing partners. The new partner when admitted is called ‘incoming partner’. An incoming partner is not liable for any act of the firm done before he became a partner.2. According to Section 31 of the Partnership Act, subject to contract between the partners a.... Read
Sources of bank funds
...SOURCES OF BANK FUNDSA bank is a business firm. Its main aim is to earn profit. In order to achieve this objective it provides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a ban.... Read
Mantri alpyne bangalore apartments
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Mantri developer is about to launch his new up upcoming projects Mantri Alpyne located at Uttarahalli in Bangalore. Exactly located at Banshankari 5th stage Uttarahalli in the field of Silicon Valley the project is ranging in form of 2/3/bhk apartments spread over 970 sq ft to 1250 sq ft area. Set in charming tropical environment.
Mantri Alpyne is offers extra ultra-modern amenities.... Read
Inflation in pakistan
...One of the most important factors influencing poverty in the country is inflation. Inflation is defined as a situation where the general price level is persistently moving upward in a country. In Pakistan, the general price level is persistently rising since Partition of the Subcontinent. Prices remained volatile during the decade of 1990’s ranging from 5.7% to 13% mainly because of declining ec.... Read
Mahagun my woods residential project noida extension
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Mahagun has come up with new residential apartments by the name of Mahagun My Woods in Noida Extension. Mahagun My Woods Offers 2/3/4 bedroom apartments with all the modern facilities to make the living comfortable & luxurious.
Mahagun are committed to explore new dimensions to accomplish their projects, a new way of counseling clients, new methods of doing business, and the utilization of.... Read
Hero honda splendor nxg review
...The most reliable two-wheeler manufacturers Hero Honda Motors Limited has reported the brilliant growth with the total sale of the 5, 00, 234 units in month of May 2011. Hero Honda is the joint venture of Honda Groups Japan and Hero Groups India that has got an end, after the successful partnership of the 26 years. However, as per some official sources Honda will offer the technology support .... Read
Registration of a firm
...Meaning of Registration Partnership is the result of an agreement between persons (minimum 2 maximum 20) who agree to carry on a lawful business with the object of earning profit. The name of the firm under which the business is carried on may be recorded with the Registrar of Partnership Firms, The registration is the evidence Of the existence of the firm. Is Registration of a Partnership Compuls.... Read
