logo     Home | About Us | Contact Us
Find a lawyer Bare Acts / India Codes Join As Association Our Services Statutes / Code
round round
search a lawyer
Country:
City:
ACTS, STATUTES
letterboxSubmit Article
loginArticle Login
 
lawyer
Find a Lawyer :
Country :
State :
City :
Category :
 
Lawyer's Signup Lawyer's Login Member's Signup Member's Login
Home > Business Law > Partnership
round round
round round
Rights of the partners
Please Login to view further pages.
Subject to a contract to the contrary a partner has the following rights.
  1. To take part in the conduct and management of the business
  2. To express opinion in matters connected with the business. He has a right to be consulted and heard in all matters affecting the business of the firm
  3. To have free access to all the records, books of account of the firm and take copy from them.
  4. To share in the profits of the business. Every partner is entitled to share in the profits in proportion agreed to between the parties.
  5. To get interest on the payment of advance. Where a partner makes for he purpose of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, he is entitled to interest thereon at the rate of 6% per annum.
  6. To be indemnified by the firm against losses or expenses incurred by him for the benefit of the firm.
privious continue


round round
round round
 
round round
Introduction
Eligibility
Essentials of Partnership
General duties of a partner
Rights of the partners
Restrictions on authority of partner
Rights of a minor
Dissolution of a firm
Registration
Personal Phone Legal conference
Discuss your legal concerns from anywhere in the world in person, on phone

Click here for appointment
Property / Real Estate
Legal verified real estate. Choose from our list of properties with clear title.

Search property
Home | Legal Enquiry | India Lawyers | Law Firms Lawyers | Add Lawyer Listing | Recommend to Friends | Contact Us
© copyright 2008-2009, Helplinelaw.com Terms of USE
This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek independent counsel for advice in India   abroad regarding their individual legal, civil   criminal issues or consult one of the experts online.