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"Section 464 of the Companies Act, 2013 empowers the Central Government to prescribe maximum number of partners in a firm but the number of partners so prescribed cannot be more than 50.The Central Government has prescribed maximum number of partners in a firm to be 50 vide Rule 10 of the Companies (Miscellaneous) Rules,2014.Thus, in effect, a ...
By means of an indenture dated 13 September 1808, Thomas Williams acquired a one-third share in the Bank, and otherwise on terms identical to the partnership deed of 1806. He was probably the brother of Evan Williams, with whom he was in partnership in a printing business in London, and which printed the first edition of Dr W.O. Pughe’s Welsh ...
Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...
Step 5: File dissolution papers. Just as business owners filed paperwork with the state to form their LLC, they must file articles of dissolution or a similar document to dissolve the LLC. This ...
Decree in suit for dissolution of partnership. 16 Decree in suit for account between principal and agent. 17 Special directions as to accounts. 18 Decree in suit for partition of property or separate possession of a share therein. 19 Decree when set-off or counter-claim is allowed. Appeal from decree relating to set-off or counter-claim. 20
If the purpose trust construction is preferred, then the dissolution of the association will not necessarily bring an end to the purpose trust, dependent upon whether the association is the "essential mechanism" of the purpose. If the purpose trust survives the winding up of the association, then new trustees may need to be appointed.
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