Question

Geeta had started tiffin services during the lockdown due to COVID-19 pandemic

within her building premises by ensuring compliance of all regulations. Geeta used to

deliver the tiffin only to the occupants in her society. However, post the unlocking of

the lockdown she wanted to expand her business to other parts of city and therefore

she needed an investor who would invest in the venture and a logistics partner who

would ensure the delivery of tiffin. She finally found Mr. Bajaj as the investor and

Mr. Kumar as the logistics partner.

Now Geeta, Mr. Bajaj and Mr. Kumar wanted to incorporate this venture and register

as a partnership firm and therefore have come to you for advise on the following

queries:

a. What: (i) law should the Partnership Firm be registered? Please give your reasons for

the answer?; and (ii) type of partner shall Geeta, Mr. Bajaj and Mr. Kumar each be

classified as? (5 Marks)

b. For incorporating the partnership firm that you have suggested in the above answer (a)

what: (i) is the primary agreement that is needed; and (ii) are the contents of such

agreement? (5 Marks​

Answer 1

Answer:

it's very long I can't wait