#aknadhani, sikshayati,#parternshipact This video tutorial explains History, Applicability & Scope of Indian Partnership Act 1932, rules and laws relating to Partnership Agreement, Partnership Formation, Registration of Partnership Firm, various Types of Partnership, creation and registration of Partnership Deed, dissolution of Partnership and related matters. Click the following links to play all the videos and read all the e-book on Indian Partnership Act 1932 VIDEO TUTORIALS *Partnership Business https://www.youtube.com/watch?v=qRvTRI5eyGE&index=1&list=PLBbSltHF3jKco5lEq64e8y8FuZhOOikzw *Partnership Firm https://www.youtube.com/playlist?list=PLBbSltHF3jKcWxu56y8JSeNr1yu5aRYuu *Partners in Partnership Firm https://www.youtube.com/watch?v=i3bBsIClwao&list=PLBbSltHF3jKeuPxNc4GpjW5K_jN3y2pPJ&index=1 *Dissolution of Partnership https://www.youtube.com/watch?v=xYTpq1c3tMw&index=1&list=PLBbSltHF3jKe-vdrMTIA6luHxNsJmO4jV E-BOOKS **Partnership Business https://drive.google.com/file/d/1gaqn-1z6ZSyHlKEbjY3WgV-qZAVQigNq/view?usp=sharing **Partnership Firm https://drive.google.com/file/d/1tNHt53huSpuRUR_1jaL2uQflUbM39fSs/view?usp=sharing **Partners https://drive.google.com/file/d/14orO0u7eHCXXqAWpPYk6AM7YfUfxbs_q/view?usp=sharing **Dissolution of Partnership https://drive.google.com/file/d/1KQEfDs8OcmocI-irHhxSwU7bUZbf2kyh/view?usp=sharing Rights and Liabilities of Retired Partners in Partnership Act 1932 Rights of a Retired Partner: A retired partner can exercise the following rights: Carrying on Competing Business : A retired partner may carry on a business competing with that of the firm Advertise : The retiring partner has the right to advertise his new business. Non Settlement of Accounts : Where the accounts of retiring partner is not finally settled, the retiring partner is entitled to share profits earned by the firm after his retirement, or Interest (s.37). Share of profits / property : He can claim his share out of profits and property of the firm and can use such share either to pay his debts or in the manner he may like. Liabilities of a Retired Partner : A retiring partner may be liable for Debts incurred by the firm before his retirement, and in some cases, even after his retirement from the firm, as described below: (i) Liabilities for debts incurred before retirement: A retired partner continues to be liable for all the acts of the firm done before his retirement or the acts pending at the time of his retirement, unless he is discharged from his liability. (ii) Liability for debts incurred after retirement: A retiring partner, with other partners at the time of retirement, continues to be liable as partner to the third parties for any act done by any of the partners after retirement, until public notice of his retirement is given [s. 32(3)].