The Foundation of Partnership Law Business enterprises often need collective effort, shared resources, and mutual trust to succeed. This idea is legally recognized through partnership, […]
Tag: profit sharing
32. . What is contract of partnership? An discuss the law relating to nature and formation of partnership.
Understanding the Concept of Partnership Business activities often require more than one individual’s effort, skill, and capital. When two or more persons come together to […]
52. Contract of Partnership.
Meaning and Definition A contract of partnership is governed by the Indian Partnership Act, 1932. Section 4 defines partnership as the “relation between persons who […]
9.Discuss the concept of Bonus and salient features of the payment of the Bonus Act 1965
In the evolving landscape of labour laws in India, the concept of bonus and salient features of related legislation have emerged as critical instruments to […]
1. Discuss the set on and set off of allocable surplus in the payment of Bonus Act 1985. Allocable surplus
The Payment of Bonus Act 1985 was introduced to ensure fair profit-sharing between employers and employees in India. It mandates that companies distribute a portion […]