Dr. Avtar Singh has prepared an excellent commentary on the subject by deriving the principles through an indepth analysis of the entire up-to-date Indian case-law, as reported in all major law reports and by referring also to regional reports. In this edition foreign cases have also been extensively surveyed.
Important topics such as those relating to the registration of firms, taxation of firms and partners, salary provisions for partners, etc. have been carefully analysed and explained and draft deeds provided.
Company executives, chartered accountants and company secretaries find this work to be an extremely useful guide in their day to day work. It is also extremely useful to the legal profession and students of law, CA, CS, ICWA and other professional courses.
Special Features :
- Incorporation of Amendments : State Amendments and Amendments in Rules particularly those relating to registration of firms and tables of fee have been incorporated into this new edition at appropriate places.
- Critical Analysis of provisions and suggested Amendments : The developing concept of partnership and the changing relationships between partners inter se and to the outside world, requires a more clear perception. From time to time, expert committee reports have recommended amendments. Proposals of this kind have been collected from various sources and have been usefully incorporated at due places.
- Critical Analysis of provisions and suggested Amendments : The developing concept of partnership and the changing relationships between partners inter se and to the outside world, requires a more clear perception. From time to time, expert committee reports have recommended amendments. Proposals of this kind have been collected from various sources and have been usefully incorporated at due places.
- Judicial Contribution to the law of Partnership : Judicial contribution to the growth and development of the subject has been of considerable significance, the greater portion of this growth coming from revenue decisions. The issues that have attracted judicial attention are: partnerships vis-? -vis HUF and joint family businesses; partner's contribution to capital in kind or services; the mode of settlement of accounts, partner's liability for firm's tax dues; interpretation of Section 69; the concept of goodwill, its valuation, and nature of the partner 's share in it; liability of partner for criminal acts of other partner/s; post-retirement position of a partner; status of unregistered firms, etc. The trend of the decisions is to rescue the businessman rather than to handicap him.
The concept of salaried partners has become an established fact and salary to partners is treated as expenditure for tax purposes. One of the important results of this development has been the role of the partnership firm as an employer of its partners, something in the nature of a separate personality from that of its partners. The courts have had to accept that there is no provision in the Partnership Act that compels them to deny legal personality to a partnership. Several other important points have emerged from judicial decisions that have been dealt with lucidly and analytically by the author.
A profusion of headings and sub-headings has been provided so as to facilitate easy location of the point under consultation. An enlarged table of contents and subject index has also been arranged for easy reference and consultation. Written in simple and lucid style, with clear and uncomplicated language, the book is vastly popular and easy enough even for the layman to follow.
- Allahabad Law Journal : Case-laws have been made up-to-date in this edition. Even foreign cases have found attention of the author. The world developments in this field have been noted. A large number of headings and sub-headings and the enlarged table of contents with a subject index has been provided for easy and quick reference to a desired topic.
- Chartered Secretary : Partnership continues to be one of the most popular form of business enterprise and the learned author is already well-known for his popular work on the subject of 'Law of Partnership '. For the convenience of the readers, table of contents has been enlarged and re-arranged and topics have been discussed in lucid and engaging language. The book will be useful to the students of law, businessmen, professionals like Company Secretaries, Chartered Accountants and the Lawyers.
- Management Accountant : Not only legal scholars, judges and lawyers but also those men who want to have a deep comprehension and insight into the law of partnership scheme would be largely benefited by this book. The great success of this publication can be attributed to its thoroughness, comprehensiveness and reliability. The book has obtained the standard of Russell on partnership in Indian law.
- Kerala Law Times : Profuse reference has been made to the decisions of the Supreme Court and various High Courts, also taking into account the various parent decisions of the English Courts. Originality, so scarce a commodity among authors on the subject, is refreshingly presented on every page of this book. It is a dependable reference book for those who are in need of any query on law of partnership.
- Gujarat Law Reporter : This treatise on 'Law of partnership ' by Avtar Singh is sure to be of great use to business concerns, the Income-tax practitioners as well as the members of the Bench and the Bar.
- All India Reporter : The author covers all the important aspects with appropriate topical headings and the relevant case-law. The treatment of the topic of proceedings by and against partnership firms deserves special mention and appreciation. The appendices cover the Rules of various States with forms. The book, with a useful topical index, will be extremely useful to the members of the Bench and the Bar in their civil and taxation work. The students of civil law will find this book equally beneficial.
- Cochin University Law Review : This handsome volume written by Dr. Avtar Singh, is an excellent commentary on the law of partnership. An impressive list of more than a dozen books written by the author indicates that he, with the richness of his experience as a Law teacher, writes with ease and simplicity that attract the attention of the people interested in the varied branches of law. The writings of the author are candid, concise and sharp.
His style is homely and popular. His treatment is scholarly. In manner and form, the book is delightful. It deserves to be read and can be included in any list of recommended books on the subject. It is useful to lawyers, tax practitioners, students and to any layman whose day-to-day work requires knowledge of the law of partnership.
- Administrator : It has succeeded in meeting its requirements. It is well-designed, well-organised and well-written. It will be very useful for the students of law, commerce and business administration, for whom it may be safely recommended as a standard text book.
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