CPT Chapter Registration and Dissolution of Firm
With Bharat Galani.Duration:2hrs 47min
| Registration & Dissolution of Firm | Duration (min:sec) |
| Registration of Firm | |
| {modal https://www.youtube.com/embed/RV020vZTpd0?autoplay=1;rel=0|width=780|height=439|title=Overview & Index}Overview & Index{/modal} | 03:49 |
| /{modal https://www.youtube.com/embed/x-4fbQeIFgw?autoplay=1;rel=0|width=780|height=439|title=What is Registration of Firm}What is Registration of Firm{/modal} | 06:11 |
| {modal https://www.youtube.com/embed/Xi1V_qTuPl0?autoplay=1;rel=0|width=780|height=439|title=How a Firm is Registered}How a Firm is Registered{/modal} | 04:25 |
| {modal https://www.youtube.com/embed/hz7jPAj3ipg?autoplay=1;rel=0|width=780|height=439|title=Partnership Deed}Partnership Deed{/modal} | 11:21 |
| {modal https://www.youtube.com/embed/2T7czH3IWVc?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 14:36 |
| {modal https://www.youtube.com/embed/4pJ6QpH-p9g?autoplay=1;rel=0|width=780|height=439|title=What Happens if a firm is not Registered}What Happens if a firm is not Registered{/modal} | 11:59 |
| {modal https://www.youtube.com/embed/BJNq74JpADg?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 05:10 |
| {modal https://www.youtube.com/embed/S61fILYuW7M?autoplay=1;rel=0|width=780|height=439|title=Suit by Reconstituted Firm without Registration}Suit by Reconstituted Firm without Registration{/modal} | 02:59 |
| {modal https://www.youtube.com/embed/AxWXBs6nm64?autoplay=1;rel=0|width=780|height=439|title=Summary}Summary{/modal} | 01:17 |
| Dissolution of Firm | |
| {modal https://www.youtube.com/embed/j8NxXScb03w?autoplay=1;rel=0|width=780|height=439|title=Index}Index{/modal} | 01:46 |
| {modal https://www.youtube.com/embed/ZAxtfZph904?autoplay=1;rel=0|width=780|height=439|title=What is Dissolution of Firm}What is Dissolution of Firm{/modal} | 01:44 |
| {modal https://www.youtube.com/embed/0IEDN-DlGvk?autoplay=1;rel=0|width=780|height=439|title=Overview of how Firm is Dissolved}Overview of how Firm is Dissolved{/modal} | 02:16 |
| {modal https://www.youtube.com/embed/lhZUijJPquk?autoplay=1;rel=0|width=780|height=439|title=How Firm is Dissolved}How Firm is Dissolved{/modal} | 28:40 |
| {modal https://www.youtube.com/embed/bS6UD3UmgeQ?autoplay=1;rel=0|width=780|height=439|title=Summary}Summary{/modal} | 03:18 |
| {modal https://www.youtube.com/embed/JPOEF7vvjNk?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 11:28 |
| {modal https://www.youtube.com/embed/cpiYTJtyuo0?autoplay=1;rel=0|width=780|height=439|title=Overview Consequences of Dissolution of Firm}Overview Consequences of Dissolution of Firm{/modal} | 01:13 |
| {modal https://www.youtube.com/embed/L1UqPclfTVU?autoplay=1;rel=0|width=780|height=439|title=Consequences of Dissolution of Firm}Consequences of Dissolution of Firm{/modal} | 30:28 |
| {modal https://www.youtube.com/embed/9LbgJc34_9U?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 12:14 |
| {modal https://www.youtube.com/embed/yb06l7JM_cI?autoplay=1;rel=0|width=780|height=439|title=Garner vs. Murray}Garner vs. Murray{/modal} | 05:22 |
| {modal https://www.youtube.com/embed/hW6Dpd19-NQ?autoplay=1;rel=0|width=780|height=439|title=Modes of Giving Public Notice}Modes of Giving Public Notice{/modal} | 04:26 |
| {modal https://www.youtube.com/embed/XXK8O0XQ_YQ?autoplay=1;rel=0|width=780|height=439|title=Summary}Summary{/modal} | 02:30 |
| Total | 02:47:12 |
Notes
Index
What is Registration of Firm
How a firm is registered
Partnership Deed
What happens if a firm is not registered
Suit by reconstituted firm without re-registration
What is Registration of Firm
Partnership firm registered with the Registrar of firm
Registration is Optional except for the states of Maharashtra & Gujarat
Unregistered firm suffers from number of disablities
Partnership Deed
A partnership deed should contain the following clause:
Name of the parties
Nature of business
Duration of partnership
Name of the firm
Capital
Share of partners in profits and losses
Banking, Account firm
Books of account
Powers of partners
Retirement and expulsion of partners
Death of partner
Dissolution of firm
Settlement of disputes
What if firm is not registered
English law vs Indian law
Disablities
No suit in a civil court by firm or partners against third party
No refief to partners for set –off of claim exceeding `100
Aggrived partner cannot bring legal action against other partners of the firm. Except when firm is dissolved
Firm is not registered
Below Rights are not effected :-
Right of third party to sue the firm
Rights of partner to sue for :
dissolution of firm,
account settelment,
realisation of dissolved firm’s property
Power of an Official Assignee, Receiver of court to realise the property of the insolvent partner
Right to sue or set off suits not more than Rs. 100.
How firm is dissolved?Dissolution by Agreement
Compulsory Dissolution
Contingent Dissolution
Dissolution by Notice
Dissolution by Court
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