Ved intends to retire from the firm and desiries that his son Dev be inducted as a partner in his place , partnership Deed Does not have a clause in t

In the absence of partnership Deed , provisions of the indian partnership At 1932 shall apply to settle the disputes : (i) Salary is not payable to any parther ,...

Rajesh shall be paid share in profit as per the partship Deed .

Yes, In the absence of Partnership Deed, a partner receive interest on loan @ 6% p.a.

i. Rights of Board of Directors ii. Liability Clause iii. Articles of Association

(a) Name clause  (b) Object clause  (c) Subscription clause

Limited Liability Partnership

Minor as a partner

Group A Group B (i) Public Company Minimum 7 members (ii) Private Company Minimum paid up capital Rs 1,00,000 (iii) Owned and controlled by one person Sole Trading Concern (iv) Registration Compulsory in Maharashtra Partnership firm (v) Co-operative societies Democratic Management

VA by X=v+i-iv-vi-ix =300+20-5-100-50 =rs 165 lakh V.A. by `Y=viii+ii-iii-vii` `=250+15-10-80` =rs 175lakh

V.A. by `A=i+viii-ix-vii` `=40+20-10-20` =rs 30 lakh V.A. by `B=ii+vi-v-i-iii` =`80+20-15-40-10` =rs 35lakh