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प्रश्न
Explain the following term/concept:
Nominal Partner.
उत्तर
- A partner who only lends his name and reputation to the partnership firm is called a nominal partner.
- He is simply obliging his friends by allowing the firm to use his name as a partner.
- He may or may not be given any share in the profits of the firm.
- He does not contribute to the capital of the business.
- He is liable to the debts of the firm.
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संबंधित प्रश्न
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Active partners take active part in day to day management of partnership firm.
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Explain different types of Partners.
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What is Quasi Partner?
Answer in one sentence:
What is Quasi Partner?
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What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.
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Answer in one sentence.
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