PPT of Ch 3.2, Relation of Partners ( Part - 1), Indian partnership act - 1932, Mercantile Law CA CPT Notes | EduRev

CA CPT : PPT of Ch 3.2, Relation of Partners ( Part - 1), Indian partnership act - 1932, Mercantile Law CA CPT Notes | EduRev

 Page 1


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Relations of Partner  
 Unit 2[Part1/3] 
Page 2


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Relations of Partner  
 Unit 2[Part1/3] 
Learning Objectives 
Mutual Rights 
& Duties of 
Partner 
Page 3


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Relations of Partner  
 Unit 2[Part1/3] 
Learning Objectives 
Mutual Rights 
& Duties of 
Partner 
1. Right to take part in the Conduct of the Business  
2. Right to be Consulted  
3. Right to Access to Books 
4. Right to Remuneration 
5. Right to Share Profits 
6. Interest on Capital   
7. Interest on Advances 
 
Right of Partners 
 
Page 4


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Relations of Partner  
 Unit 2[Part1/3] 
Learning Objectives 
Mutual Rights 
& Duties of 
Partner 
1. Right to take part in the Conduct of the Business  
2. Right to be Consulted  
3. Right to Access to Books 
4. Right to Remuneration 
5. Right to Share Profits 
6. Interest on Capital   
7. Interest on Advances 
 
Right of Partners 
 
8.Right to be Indemnified  
9. Right to Stop Admission of a New Partner. 
10.Right to Retire  
11. Right not to be Expelled 
12. Right of Outgoing Partner to Carry on Competing Business. 
13. Right of Outgoing Partner to share subsequent Profits 
14.Right to Dissolve the firm 
 
Right of Partners 
 
Page 5


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Relations of Partner  
 Unit 2[Part1/3] 
Learning Objectives 
Mutual Rights 
& Duties of 
Partner 
1. Right to take part in the Conduct of the Business  
2. Right to be Consulted  
3. Right to Access to Books 
4. Right to Remuneration 
5. Right to Share Profits 
6. Interest on Capital   
7. Interest on Advances 
 
Right of Partners 
 
8.Right to be Indemnified  
9. Right to Stop Admission of a New Partner. 
10.Right to Retire  
11. Right not to be Expelled 
12. Right of Outgoing Partner to Carry on Competing Business. 
13. Right of Outgoing Partner to share subsequent Profits 
14.Right to Dissolve the firm 
 
Right of Partners 
 
Rights of Partner 
• Every partner 
right’s 
As Per Act 
• As agreed 
between all 
partners 
Contract 
Right to take part in Business 
Read More
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