COMPANY Vs

PARTNERSHIP FIRM

PREPARED BY:-Mr.Roshan Dhungel

Partnership firm

Indian Company Act 1956 and it’s Amendments

Company Vs.

Legal Environment of Indian Business

Company Vs Partnership firm

Regulating Act

Number of Members

Entity

Liability

Capital

Managemant

Transfer of interest/shares

Audit

Registration

Winding up

Continuity problems (In case of retirement,insolvency and death of partner/members)

HENCE BY DEFINATIONS

A company is created to last forever.

A company,unless it is wound up,never goes out of existance.

While, a partnership firm has a limited existence.

Partnership firm is automatically terminateds unless re-constituted,when a member dies,retire or become bankrupt.

Company Partnership firm

REFRENCES

o Google .como Youtubeo Self instruction material

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