Document Fragment View

Matching Fragments

146. The object of Ex.R-65 Trust Deed dated 25.04.1996 is charitable where as the object of the partnership in Ex.R-51 of the Partnership Deed dated 10.05.1993 was for running a school on profit. Only if it was acted upon, question of profits being distributed in proportion to the contribution in it can be contemplated.

147. That apart, on dissolution of a partnership firm, a partner or partners https://www.mhc.tn.gov.in/judis can demand for accounts. Independently, a partner can initiate proceeding for dissolution either before the Court or before the Arbitrator in terms of Section 69(3) of the Indian Partnership Act, 1932.