After reading this article you will learn about the mode of dissolution of partnership firm and settlement of accounts thereof. According to Section 39 of the Partnership Act, 1932, "The dissolution of partnership between all the partners of a firm is called dissolution of the firm." The Indian Partnership Act, 1932 recognises the difference between 'dissolution of partnership' and 'dissolution [...]
After reading this article you will learn about the advantages and disadvantages of partnership form of organisation. Advantages of Partnership: The partnership form of organisation is most suitable when the size of business is medium and, thus the capital can be contributed to meet its needs by the partners themselves. The following are the advantages of partnership form of organisation: [...]
A private company may become a public company in any of the following three modes: 1. Conversion by Default. 2. Conversion by Operation of Law or Private Company to be Deemed Public Company. 3. Conversion by Choice. 1. Conversion by Default: Where a private company makes a default in complying with the statutory requirements as laid down in Sec. 3(1)(iii) [...]