• Partnership firm

in partnership firm if partner who has administrator power refuse to share accounting detail to other partner. what is provision of the law ?
Asked 3 years ago in Business Law from Umreth, Gujarat
as partner in firm you are entitled to inspect book of accounts . if partner refuses you can as per terms of partnership deed take appropriate legal proceedings in this regard.you can file  suit for dissolution and rendition of accounts of the partnership.
Ajay Sethi
Advocate, Mumbai
26269 Answers
1427 Consultations
5.0 on 5.0
The answer to this question lies in the partnership deed itself, in terms of which the affairs of partnership have to be conducted. The rights of a partner vis-a-vis all other partners are enshrined in the partnership deed. Every partner has an inherent right to inspect the accounting books of the partnership firm. If this right is being denied then he may file a case for requiring the partner to render the accounts in addition to seeking dissolution of partnership.
Ashish Davessar
Advocate, Jaipur
19264 Answers
490 Consultations
5.0 on 5.0
Read terms and condition of the partnership deed
Nadeem Qureshi
Advocate, New Delhi
3731 Answers
140 Consultations
4.9 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Business Lawyers

T Kalaiselvan
Advocate, Vellore
16595 Answers
154 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
26269 Answers
1427 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
19264 Answers
490 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
13256 Answers
281 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
6545 Answers
72 Consultations
4.9 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3731 Answers
140 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
3015 Answers
45 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
953 Answers
64 Consultations
5.0 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1284 Answers
66 Consultations
5.0 on 5.0
Anilesh Tewari
Advocate, Lucknow
63 Answers
0 Consultations
5.0 on 5.0