Indian partnership definition

Indian partnership means a partnership in which at least 51% of the investment is made by Indians, at least 51% of the equity is owned by Indians and at least 51% of the profits or losses accrue to Indians.
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Examples of Indian partnership in a sentence

  • Receipts for payments made on account of a work, when executed by a firm, must also be signed by the several partners, except where any one of the partners is empowered to sign the receipts on behalf of the firm duly registered the Indian partnership act or by some other person having authority to sign the receipts of the firm.

  • In the event of absence of any partner, it must be signed on his behalf by a person holding power of attorney which shall be attached along with the tender and it must also disclose that the contractor is duly registered under the Indian partnership Act or not.

  • Such power of attorney should be produced with the tender and it must be disclosed that the firm is duly registered under the Indian partnership act, 1952.

  • In the case of a firm not registered under the Indian partnership act, all the partners or the attorney duly authorized by all of them, should sign the tender documents and all other concerned documents.

  • In the event of the tender being submitted by a firm (Partnership) it must be signed separately by each member thereof, or in the event of the absence of any partner it must be signed on this behalf by a person holding a power of attorney authorizing him to do so, such power of attorney to be produced with the tender, and it must disclose that the firm is duly registered under the Indian partnership Act.

  • In the case of companies and firms registered under the Indian partnership act, the capacity in Which signing e.g. Secretary , manager, and partner etc, on their attorney and produce copy of documents, empowering him to do so, if called upon to do so.

  • In case of partnership firms, whether registered under Indian partnership Act, 1932.

  • Partnership firm should have either been registered with the competent registrar or the partnership deed should have been notarized prior to date of tender opening, as per Indian partnership Act.

  • In the case of a firm not registered under the Indian partnership act, all the partners or the attorney duly authorize by all of them should sign the tender documents and all other concerned documents.

  • Partnership firm should have either been registered with the competent registrar or the partnership deed should have been notarized prior to date of tender opening as per Indian partnership Act.4Separate identity/name should be given to the partnership firm.

Related to Indian partnership

  • Operating Partnership has the meaning set forth in the preamble.

  • Partnership has the meaning set forth in the Preamble.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Subsidiary of the Company means any foreign or U.S. domestic corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50 percent or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • General Partner has the meaning set forth in the Preamble.

  • Foreign limited liability partnership means a partnership that:

  • Holdings as defined in the preamble hereto.

  • Domestic partnership means an association of two or more persons to carry on as co-owners a

  • Subsidiary Partnership means any partnership or limited liability company in which the General Partner, the Partnership, or a wholly owned subsidiary of the General Partner or the Partnership owns a partnership or limited liability company interest.

  • Foreign partnership means an association of two or more persons to carry on as co-owners of a

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Single member limited liability company means a limited liability company that has one direct member.