8/3/2019 BL Writeup 62
2/4
Learning from the topic:
The Reconstitution of the firm deals the various ways by which a
firm can be
reconstituted. There are six changes that are said to be the
reasons for reconstitution of the
firm. They are
Introduction of a partner [Sec. 31] Retirement of a partner
[Sec. 32] Expulsion of a partner [Sec. 33] Insolvency of a partner
[Sec. 34] Death of a partner [Sec. 35] Transfer of a partners share
[Sec. 29]The Introduction of the partner briefs us about the
induction of a new partner into the firm
based upon the various contracts made between the already
existing partners. For example, B
can introduce his son as a partner when his son is major if he
had already mentioned in hiscontract about the partnership
issue.
The retirement of a existing partner will lead to the
reconstitution of the firm. One might
retire from the firm with consent from other partners, through
express agreement or by giving
notice in writing about his intention to retire. A person is
liable to the activities done before
his retirement whereas he is not liable to the activities of the
firm after his retirement.
The expulsion of a partner tells us about the various ways and
circumstances by which a
partner can be expelled. The rights of other partners to expel a
partner are mentioned.
Similarly the rights of the expelled partner to appeal against
his expulsion are given underthis section.
The insolvency of a partner deals with the adjudication of the
partner as insolvent in a
firm. This happens either when the firm itself is dissolved. The
various methods and criteria
followed during the dissolution of the firm.
The death of the partner tells us the various issues that are
dealt with when a partner dies
and the shares and the liability he holds. For example, the
partner is said to be liable for the
activities carried out when he was alive and he is not liable
for the activities after his death.
The transfer of partners share deals with the way the share held
by the partner is
transferred when the particular partner requests for the
transfer. The various dos and donts
to be followed during the transfer of shares have been
briefed.
8/3/2019 BL Writeup 62
3/4
Self Evaluation:
I have done my own self evaluation of the presentation done by
me.
SWOT Analysis:
1. Strengths:- Understood the sections and its uses- Had a good
subject knowledge- Maintained an good eye contact- Quoted examples
for all the sections I discussed- Had a good thought flow
2. Weakness:- Less content in the PowerPoint presentation-
Stammered during my presentation- Lacked fluency of language- Usage
of fillers
3. Opportunities:- The mistakes done during the presentation
were identified for
correction
- Learned how to make an effective presentation through all
otherspresentation too
- Learned many new topics outside the book while preparing for
thepresentation
- Improve my way of presentation4. Threats:
- Fall in my grades due to my bad presentation
8/3/2019 BL Writeup 62
4/4
Feedback :
I was not satisfied with the way I presented the topic. The
first mistake
done by me was that there was no content in the PowerPoint
presentation
describing the criteria in each section. I had only put the
topic of each section in
each slide having a perception that it might be looking good to
have the topic
alone in the slide instead of having the entire content of the
section. But it went
as a negative in my presentation.
The other part of my presentation was that I had examples to be
quoted
for all the sections and had a good knowledge about the subject
I dealt with for
my presentations. The areas I have to work on are my fluency and
the way ofpresenting the topic. I also need to work on connecting
to the audience during
my presentations.
