sorry for jumping into this issue so late but i couldn't help it
"and for partners restriction
if you have bare act or any other book than cheema and bok is good enough to cover all sections than refer to section 36(2) which is straightaway copied by the examiner stay blessed"
here is the exact text you were talking about
36.Rights of outgoing partner to carry on competing business.—
(1) An outgoing partner
may carry on a business competing with that of the firm and he may advertise such business, but,
subject to contract to the contrary, he may not -
(a)
use the firm name,
(b)
represent himself as carrying on the business of the firm, or
(c)
solicit the custom of persons who were dealing with the firm before the ceased to be
a partner.
(2)
Agreements in restraint of trade
- a partner may make an agreement with his
partners that on ceasing to be a partner he will not carry on any business similar to that of the firm
within a specified period or within specified local limits; and, notwithstanding anything contained in
section 27, of the Contract Act 1872, such agreement shall be valid if the restrictions imposed are
reasonable.
so Sehar Bano is correct on this as the statement is not straightaway copied from the text of the law.
restraining from any business would obviously be unreasonable
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