A,B and C are partners. B is a sleeping partner. A commits certain activity which are prohibited by the criminal laws.B is totally unaware about this. Is still B liable for acts of A? If Yes,why Yes? If No,why No?
Menu
Patnership act
Replies (1)
I do not have deeply knowldge about Partnership act but as per my View
YES "B" liable for acts of "A" even though he is sleeping partner
Because he have share of Profit/loss
If thired party object on "A" than all Partner is liable
Recent Threads
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
Related Threads
CAclubindia
