MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Treating Manager as Partner

State the pro...

Question

State the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered.

Open in App

Solution

According to Indian Partnership Act,1932 no remuneration shall be paid to any partner in the absence of any partnership deed.
Remuneration shall be paid at an agreed rate,if relevant provisions regarding the same has been provided in the partnership deed.

Suggest Corrections

thumbs-up

1

Similar questions

Q. State the provisions of Indian Partnership Act,1932 regarding interest on partner's capital and interest on partner's loan when there is no Partnership Deed.

Q. In the absence of specific provision in the partnership deed at what rate salary and remuneration would be paid to the partners __________.

Q. Expulsion of a partner which is not in accordance with the provisions of section

33

of the Indian Partnership Act,

1932

is ______________.

Q. The Equal Remuneration Act of 1976 provides for payment of equal remuneration to men and women workers for the same work.

Which of the following Acts have specific provisions to protect interests of Women Workers?

Which of the above statements is/are correct?

1 and 2 only
2, 3 and 4 only
1,2 and 4 only
All of these

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Analysing Capital Accounts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Treating Manager as Partner

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon