Legal aspects of business

1. PRESENTED BY: POORVA VYAS
(MBA SEM II)
RIGHTS and DUTIES of
partners
“Partnership Act
1932”

2. OUTLINE
a) WHAT IS PARTNERSHIP
b) ELEMENTS OF PARTNERSHIP
c) TYPES OF PARTNERS
d) RIGHTS AND DUTIES OF
PARTNERS
SOURCE : https://www.icai.org/post/bos-knowledge-portal

3. WHAT IS
PARTNERSHIP
#Example : Mr. Lavesh and Mr. Puneet enter
into a relation and agreed to share profits of
the business.

4. Elements
of partnership
The definition of the partnership contains the following five elements
which must co-exists before a partnership came into existence:

5. Types of partners

6. Rights and Duties of
partners

7. Continued….