Questions and Answers
What is the concept of 'Holding Out' based on?
The principle of estoppel
In simple terms, what does 'Holding Out' refer to?
Representing or knowingly permitting others to believe in authority that one does not possess
Under which sections of the Indian Partnership Act, 1932 and Limited Liability Partnership Act, 2008 is the concept of 'Holding Out' provided?
Section 28 and section 29
What does estoppel prevent a person from doing?
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If a person knowingly permits others to believe that he is a partner of a particular firm, what is he estopped from doing?
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