What is the reconstitution of a partnership firm? We often notice that sometimes the partnership firms undergo changes or restructure. Most of these changes are related to specific conditions in the partnership firm, such as a new addition of a partner, retirement of an existing partner, changes in business terms among the existing partners of […]
Reconstitution of Partnership Firm Reconstitution of a partnership refers to a typical change or restructuring of an existing partnership firm enterprise. That may change depending on some event, such as when a new partner enters the firm business, when an existing partner retires from the firm, or the death of the existing partner, etc. Due […]
Reconstitution of a partnership firm Sometimes, the partnership firm needs to be restructured due to the reason behind the admission of a new partner, death of a partner, retirement of a partner, or partner’s wish to change terms between them, Etc. Thus, if the partnership goes to restructure, it is known as the reconstitution of […]
Introduction Now, in this dynamic growth of the world, skill development plays a vital role, it is not assumed as a Narrow sense, but it has a broad sense. Skill development means not only acquiring any specific knowledge or abilities, but it helping individuals to create innovations and improve their personal and professional lives. In […]
Introduction Documents are divided into two parts public documents and private documents. Both categories look the same, but there is a difference between public documents and private documents in legal terms. As we refer to the provisions of the Indian Evidence Act, this law defines the concepts of public and private documents. In this article, […]
Introduction Human capital is defined as the evolving skills of an individual. Many human skills can be defined as human capital, such as gaining more knowledge, developing abilities, and much more which are developed via education. As we know every skill can be developed through proper education, and training, after getting that human can improve […]
Introduction Now in these days, financial transactions become more complicated, which is why there is a need to make them more flexible and easier. In these ways, the canclled cheque plays an important role in verifying bank account details for the purpose of activation of automatic debits from the customer account. Then, one common question […]
Introduction A Cancelled Cheque plays a crucial role in the KYC process in the banking sector. Banking institutions must follow the KYC process to better understand their customers. In order to proceed with this process, it is necessary to provide proof of your identity and address. A cancelled cheque can be proof as it contains […]
Definition of Nominal Partner The Nominal Partner is an individual who is not a part-owner and not actively involved in the firm’s operations. They are often well-known figures who lend their name to the company for a fee. Who is the Nominal Partner in the Partnership? A nominal partner lends their name to a firm […]
The reunion of partition is a procedure to re-joined a status that the family members made as a partition of family property in previous. In simple words, we can say that the reunion reflects that kind of position where the family exists at once joint before the partition of the properties. If all family members […]