Podcast
Questions and Answers
What happens when a partner in a partnership firm transfers their share to a third party?
What happens when a partner in a partnership firm transfers their share to a third party?
- The third party is denied any entitlement
- The third party is entitled to the transferred share (correct)
- The partnership firm is dissolved
- The third party has to purchase a new share
Who gets entitled to the share when a partner transfers it to a third party?
Who gets entitled to the share when a partner transfers it to a third party?
- The partnership firm
- The remaining partners
- The transferring partner
- The third party (correct)
What is the result of a partner transferring their share to a third party?
What is the result of a partner transferring their share to a third party?
- The third party becomes a partner
- The third party gets entitled to the transferred share (correct)
- The transferring partner loses their entitlement
- The partnership firm is dissolved
To whom can a partner in a partnership firm transfer their share?
To whom can a partner in a partnership firm transfer their share?
What is the effect of a partner transferring their share to a third party on the partnership firm?
What is the effect of a partner transferring their share to a third party on the partnership firm?
What is the name of the new regulatory authority introduced by the Central Government?
What is the name of the new regulatory authority introduced by the Central Government?
What is the primary function of the National Authority for Financial Reporting?
What is the primary function of the National Authority for Financial Reporting?
Under which section of the Companies Act, 2013 was the National Authority for Financial Reporting introduced?
Under which section of the Companies Act, 2013 was the National Authority for Financial Reporting introduced?
What is the purpose of the National Authority for Financial Reporting's monitoring function?
What is the purpose of the National Authority for Financial Reporting's monitoring function?
What is the scope of the National Authority for Financial Reporting's powers?
What is the scope of the National Authority for Financial Reporting's powers?
