Taxation Of Partnership Firms In India

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  Section 4 of the Partnership Act, 1932 reads “Partnership” is the relationship between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons, who have entered into partnership with one another are called individually “Partners” and collectively “a firm”, and the… Read more »

Mismanagement of Company Affairs

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Junaid Ahmed Section 398 of the companies Act, 1956 is designed to primarily protect a company from being mismanaged and usurped by few at the helm to the detriment of the company’s interest and public interest. Sec.398 of the companies Act, 1956 mandates a person holding 10% of the equity shares to file an application… Read more »