Why does a firm seek reconstitution of partnership?

Why does a firm seek reconstitution of partnership?

(1) Introduction: For a secured living, sometimes people come to form a partnership firm. The main reason behind that is they like to go with their own rules and even they seek to be completely independent. But whatever…

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How to understand the difference between promissory note and cheque?

Difference between promissory note and Cheque

(1) introduction:  Personal transaction or business transaction needs payment.  All people like to have a cash payment. But sometimes, cash payment carries risk. To make payment secured, people seek negotiable instruments like cheques or promissory notes.  But it…

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What is the value of an unregistered agreement to sell?

What is the value of an unregistered agreement to sell?

(1)  Introduction:- When parties enter into the contract, they agree to make an agreement, but sometimes due to lack of knowledge or unawareness party does not register. Sometimes party avoids registration. But, when we enter into the agreement…

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Difference between cognizable and non cognizable offence

Difference between cognizable and non cognizable offence

(1) Introduction: The Criminal Procedure Code, 1974, is a procedural Law, that is deals with the legal process of offensive matters related to crime. It is doesn’t matter whether criminal offenses are covered under the Indian Penal Code…

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Is registration of a Partnership Firm Compulsory in India?

Is registration of a Partnership Firm Compulsory in India

(1) Introduction: Many business concepts are available worldwide, for example, private limited company, public limited company, Limited liability partnership (LLP.), proprietor, Partnership, etc. Among them, managing a business through the Partnership is an easy, simple, and popular way….

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What is the difference between Appeal and Revision in Law?

Difference between Appeal and Revision

(1) Introduction:- Equal justice is a constitutional right of every person. Sometimes it happens that a party has to be involved in the litigation, whether directly or indirectly. In that situation, they often use the legal words appeal…

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