Distinctions Between a Company and a Partnership

A company acts as a distinct legal person, separate from its members. In contrast, a partnership does not have a separate legal identity from its partners.

2. Property Ownership: Company Property vs. Partnership Property

In a partnership, the property belongs to the individual partners. However, in a company, the property belongs to the company itself, not to its shareholders.

3. Mode of Creation: How Companies and Partnerships Form

A company comes into existence only after registration under the Companies Act, 1956. On the other hand, a partnership does not require registration to be formed.

4. Agency Relationships: Partners as Agents vs. Company Members

Partners serve as agents of the partnership, while members of a company do not act as agents for the company.

5. Contracts: Partner Agreements vs. Company Contracts

A partner cannot enter into a contract with the partnership firm itself. Conversely, a member of a company can contract with the company.

6. Transferability of Shares: Company Shares vs. Partnership Interests

A partner cannot transfer their share and make the transferee a partner without the consent of other partners. In contrast, shares in a company can transfer easily unless restricted by the Articles of Association.

7. Liability: Unlimited Liability in Partnerships vs. Limited Liability in Companies

Partners generally have unlimited liability, while shareholders enjoy limited liability, either by shares or guarantees. However, the Limited Liability Partnership Act allows for limited liability in partnerships.

8. Perpetual Succession: Company Longevity vs. Partnership Dissolution

The death or insolvency of a shareholder does not impact the company’s existence. In contrast, the death or insolvency of a partner typically leads to the dissolution of the partnership unless otherwise agreed.

9. Audit Requirements: Company Audits vs. Partnership Audits

Companies must have their accounts audited annually by a chartered accountant. In partnerships, auditing occurs at the discretion of the partners, although firms must conduct a tax audit if their turnover exceeds ₹1 crore.

10. Number of Members: Company and Partnership Membership

A partnership requires a minimum of 2 partners and a maximum of 20 (10 for banking). For a private company, the minimum is 2 and the maximum is 50. Public companies require at least 7 members, with no upper limit. As per the Companies Act 2013, one person can now also form a company.

11. Dissolution: Ending a Company vs. Ending a Partnership

A company can only dissolve according to legal procedures, while partners can dissolve a partnership at any time through mutual agreement.


Company Law Notes: Incorporation, Capital, Directors, and More

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IP Paralegal Jobs in New Delhi – Alba Law Offices Hiring Now

IP Paralegal Jobs – Alba Law Offices (New Delhi | Experienced Hire)

Are you searching for exciting IP Paralegal jobs in New Delhi? Alba Law Offices, one of the most respected full-service law firms in India, is currently inviting applications for the position of Intellectual Property Paralegal. This opportunity is perfect for experienced professionals looking to advance their career in the field of trademarks, copyrights, and design law while working in a dynamic legal environment.

Alba Law Offices is widely recognized for its diverse practice areas, which include Real Estate, Intellectual Property, Litigation & Dispute Resolution, Regulatory & Policy Advisory, Commercial Contracts, and Employment & Labor Laws. With a strong domestic presence and international collaborations, the firm provides seamless access to legal solutions for both individuals and businesses. For candidates passionate about intellectual property, this role offers the chance to work closely with attorneys on high-value IP portfolios and enforcement matters.

About Alba Law Offices

Headquartered in New Delhi, Alba Law Offices is a premier full-service law firm that has steadily built a reputation for excellence. The firm works with a wide spectrum of clients, including corporates, entrepreneurs, startups, and individuals, providing legal services across multiple industries. Its Intellectual Property team is particularly known for handling complex IP issues such as trademark registrations, copyright filings, design applications, oppositions, and enforcement strategies.

As an IP Paralegal, you will be part of this esteemed team, directly contributing to trademark hearings, filings, and portfolio management while supporting the firm’s mission to protect and enforce client rights.

Position Details

  • Role: IP Paralegal
  • Location: New Delhi
  • Position Type: Full-time
  • Practice Focus: Intellectual Property (Trademarks, Copyrights, and Designs)
  • Mode of Work: Onsite (at Alba Law Offices, New Delhi)

Eligibility Criteria

Applicants must have:

  • A minimum of 3 years of experience working in a law firm.
  • Prior exposure to Intellectual Property-related work will be an added advantage.
  • Strong organizational skills to handle multiple client portfolios.
  • Excellent attention to detail and the ability to track deadlines with precision.

This position is suited for individuals who have prior experience in IP filings, docketing, and portfolio management, and are ready to contribute meaningfully to a high-performing legal team.

Key Responsibilities

The IP Paralegal role at Alba Law Offices is designed for professionals who can effectively manage intellectual property matters and assist attorneys in case preparation. Your day-to-day responsibilities will include:

  • Preparing and managing documentation, evidence, and exhibits for trademark hearings.
  • Conducting weekly Trade Mark Journal searches to identify potential conflicts or updates.
  • Drafting and circulating client reports, updates, and follow-ups to ensure consistent communication.
  • Maintaining and updating client IP portfolios in both physical and digital formats.
  • Preparing annexures in CD format and uploading soft copies to internal firm drives.
  • Filing applications for trademarks, copyrights, and designs with both IPIndia and WIPO (Madrid Protocol).
  • Monitoring deadlines and maintaining docketing systems to ensure compliance.
  • Tracking oppositions, rectifications, and hearing schedules, and coordinating with IP offices.
  • Generating detailed reports on filing statuses, renewals, and upcoming deadlines.
  • Assisting attorneys with case files for oppositions and enforcement actions.

This role demands precision, responsibility, and commitment to ensuring that all IP-related tasks are completed within strict timelines.

Salary

The salary for the position will be as per industry standards. While the compensation is not explicitly disclosed, Alba Law Offices offers competitive remuneration aligned with candidate experience and expertise.

Why Join Alba Law Offices?

Choosing Alba Law Offices for your career means joining a legal environment that values professionalism, growth, and excellence. Here’s why you should consider applying:

  • Prestigious Law Firm: Work with a highly respected law firm known for its integrity and expertise.
  • Specialized IP Practice: Gain extensive exposure to trademarks, copyrights, and design law.
  • Professional Growth: Collaborate with experienced attorneys and develop your expertise in IP management.
  • Networking Opportunities: Engage with a broad spectrum of clients, including businesses and international partners.
  • Career Advancement: Build a strong foundation for advancing into senior IP roles in the future.

If you are serious about pursuing a career in intellectual property law, this is an opportunity that combines practical exposure with professional development.

How to Apply

Interested candidates should send their updated resume/CV to admin@albalawoffices.com with the subject line:

“Application for IP Paralegal – Alba Law Offices”

Make sure to highlight your IP-related experience, including filings, docketing, portfolio management, or paralegal support in law firms. Clearly state your achievements, years of practice, and familiarity with WIPO or IPIndia procedures to strengthen your application.

Final Thoughts

If you are seeking IP Paralegal jobs in New Delhi, this role at Alba Law Offices is an excellent opportunity to contribute to a leading law firm while advancing your expertise in intellectual property law. With responsibilities ranging from trademark filings to client portfolio management, the position promises professional growth in a challenging yet rewarding environment. Apply today and take the next step toward an enriching career in intellectual property law.


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