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A partner who has paid premium for admission into the partnership, in the premature dissolution of the firm, under section 51 of the Indian Partnership Act, 1932, is not entitled to refund of the premium if the dissolution is occasioned by

A partner who has paid premium for admission into the partnership, in the premature dissolution of the firm, under section 51 of the Indian Partnership Act, 1932, is not entitled to refund of the premium if the dissolution is occasioned by Correct Answer Either (A) or (B)

Related Questions

Under section 51 of the Indian Partnership Act, 1932, on premature dissolution of a firm, the partner having paid premium for admission
The Propositions are:
(1) Where a partner of a professional business partnership borrows money in the usual and regular course of business stating that the money is to be used for partnership business but misappropriates it, the other partners shall be liable.
(2) Where money has been borrowed by a partner without authority, but has been applied to the legitimate business needs of the firm, the firm is liable.
(3) Where the act is within the scope of the implied authority of a partner, but it has been done by him, to the knowledge of the third party, not for the firm but for his own purposes, the firm is liable.
Which of the following is true in accordance with Indian Partnership Act, 1932 as to the aforesaid propositions?
Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
Under section 45 of the Indian Partnership Act, 1932, if no public notice of the dissolution of the firm is given and a partner contracts in the name of the firm, which would have been within the implied authority of the partner
The changes in the constitution of the firm or dissolution of the firm, where the firm is a registered firm, under section 63 of the Indian Partnership Act, 1932, has to be notified to the Registrar by
Section 51 of the Indian Partnership Act, 1932, does not apply to dissolution of a firm occasioned by
The right to sue for the realisation of the assets of the dissolved firm by a partner of an unregistered firm, under section 69(3) of the Indian Partnership Act, 1932, a partner can sue
Admission made by a partner, in connection with the affairs of the firm and in the ordinary course of business of the firm, by virtue of section 23 of the Indian Partnership Act, 1932, are
Assess the truth or falsity of the following statements by picking the right option under the Indian Partnership Act, 1932.
Statement I: Consent of all existing partners is generally required for introduction of a new partner into a firm.
Statement II: A partner may retire with the consent of all other partners in the firm.
Which of the following are the consequences in case of insolvency of partner?
1. The partner adjudicated as insolvent ceases to be a partner.
2. He ceases on the date on which the order of adjudication is made.
3. The firm is dissolved on the date of the order.
4. The estate of the insolvent partner is liable for any act of the firm after the date of the order of adjudication.
5. The firm can be held liable for any acts of the insolvent partners after the date of the order of adjudication.
Select the correct answer: