Rights and duties of partners

Legal aspects of business

1. PRESENTED BY: POORVA VYAS (MBA SEM II) RIGHTS and DUTIES of partners “Partnership Act 1932”

2. OUTLINE WHAT IS PARTNERSHIP ELEMENTS OF PARTNERSHIP TYPES OF PARTNERS RIGHTS AND DUTIES OF PARTNERS SOURCE : https://www.icai.org/post/bos-knowledge-portal

3. WHAT IS PARTNERSHIP # Example : Mr. Lavesh and Mr. Puneet enter into a relation and agreed to share profits of the business.

4. Elements of partnership The definition of the partnership contains the following five elements which must co-exists before a partnership came into existence:

5. Types of partners

6. Rights and Duties of partners

7. Continued….