the person can expeld from the firm if
a)atmost good faith
b)majority of partners
c)as per expressed terms of firm
d)all of the above
i opt for 'a' but the ans provided in mock test by ICAI is 'd' which is crct?
harish ragav (student-IPCC) (407 Points)
31 August 2012the person can expeld from the firm if
a)atmost good faith
b)majority of partners
c)as per expressed terms of firm
d)all of the above
i opt for 'a' but the ans provided in mock test by ICAI is 'd' which is crct?
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 31 August 2012
Hello
d is correct
Section 33 of Indian Partnership Act runs as under:
a) is correct as partner can be removed only in good faith
b) is correct as section 33 says so
c) is correct " powers conferred by contract between the partners is nothing but expressed terms of firm
so all the options are applicable and answer d is correct answer
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