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 In case of transfer of partner’s interest u/s 29, the transferee is entitled to interfere with the conduct of the business:
  • a)
    To inspect books of the firm 
  • b)
    To receive the share of the transferring partner 
  • c)
    To interfere with the conduct of the business 
  • d)
    To require accounts
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In case of transfer of partner’s interest u/s 29, the transferee...
Correct Answer :- b
Explanation : A transfer by a partner of his interest in the firm, either absolute or by mortgage, or by the creation by him of a change on such interest, does not entitle the transferee, during the continuance of the firm, to interfere in the conduct of the business, or to require accounts, or to inspect the books of the firm, but entitles the transferee only to receive the share of profits of the transferring partner, and the transferee shall accept the account of profits agreed to by the partners.
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In case of transfer of partner’s interest u/s 29, the transferee is entitled to interfere with the conduct of the business:a)To inspect books of the firmb)To receive the share of the transferring partnerc)To interfere with the conduct of the businessd)To require accountsCorrect answer is option 'B'. Can you explain this answer?
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In case of transfer of partner’s interest u/s 29, the transferee is entitled to interfere with the conduct of the business:a)To inspect books of the firmb)To receive the share of the transferring partnerc)To interfere with the conduct of the businessd)To require accountsCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In case of transfer of partner’s interest u/s 29, the transferee is entitled to interfere with the conduct of the business:a)To inspect books of the firmb)To receive the share of the transferring partnerc)To interfere with the conduct of the businessd)To require accountsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case of transfer of partner’s interest u/s 29, the transferee is entitled to interfere with the conduct of the business:a)To inspect books of the firmb)To receive the share of the transferring partnerc)To interfere with the conduct of the businessd)To require accountsCorrect answer is option 'B'. Can you explain this answer?.
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