CA Foundation Exam > CA Foundation Questions > The test of good faith is provided under Sect...
Start Learning for Free
The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :
- a)That the partner to be expelled is served with a notice
- b)That he is given an opportunity of being heard
- c)That the expulsion must be in the interest of the partnership
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The test of good faith is provided under Section 33 (1) of the Indian ...
Test of Good Faith under Indian Partnership Act, 1932
The Indian Partnership Act, 1932 provides for the expulsion of a partner in certain circumstances. However, such expulsion must be done in good faith and in accordance with the provisions laid down in the Act. The test of good faith is provided under Section 33(1) of the Act, which requires the following:
Notice to the Partner
The partner to be expelled must be served with a notice before the expulsion takes place. The notice should clearly state the grounds on which the expulsion is being sought and the date and time of the meeting where the matter will be discussed.
Opportunity of Being Heard
The partner to be expelled must be given an opportunity of being heard. This means that he or she must be given a chance to present his or her side of the matter and defend himself or herself. This is an essential requirement of natural justice.
Expulsion in the Interest of Partnership
The expulsion must be in the interest of the partnership. This means that the partner must have done something that is detrimental to the partnership or that goes against the terms of the partnership agreement. The expulsion must be necessary to protect the interests of the other partners and the business.
Conclusion
In conclusion, the test of good faith under the Indian Partnership Act, 1932 requires that the partner to be expelled is served with a notice, given an opportunity of being heard, and that the expulsion must be in the interest of the partnership. All of these requirements must be met before a partner can be expelled.
The Indian Partnership Act, 1932 provides for the expulsion of a partner in certain circumstances. However, such expulsion must be done in good faith and in accordance with the provisions laid down in the Act. The test of good faith is provided under Section 33(1) of the Act, which requires the following:
Notice to the Partner
The partner to be expelled must be served with a notice before the expulsion takes place. The notice should clearly state the grounds on which the expulsion is being sought and the date and time of the meeting where the matter will be discussed.
Opportunity of Being Heard
The partner to be expelled must be given an opportunity of being heard. This means that he or she must be given a chance to present his or her side of the matter and defend himself or herself. This is an essential requirement of natural justice.
Expulsion in the Interest of Partnership
The expulsion must be in the interest of the partnership. This means that the partner must have done something that is detrimental to the partnership or that goes against the terms of the partnership agreement. The expulsion must be necessary to protect the interests of the other partners and the business.
Conclusion
In conclusion, the test of good faith under the Indian Partnership Act, 1932 requires that the partner to be expelled is served with a notice, given an opportunity of being heard, and that the expulsion must be in the interest of the partnership. All of these requirements must be met before a partner can be expelled.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Solutions for The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The test of good faith is provided under Section 33 (1) of the Indian Partnership Act, 1932 requires the following :a)That the partner to be expelled is served with a noticeb)That he is given an opportunity of being heardc)That the expulsion must be in the interest of the partnershipd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup