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What is Limitation period for Suits relating to accounts? Part I of Limitation Act 1963

 
 

Limitation period for Suits relating to accounts is defined under Part I of Limitation Act 1963. Provisions under part I are:

Part I of Limitation Act "Suits relating to accounts"

 

 
 

DESCRIPTION OF SUIT

LIMITATION PERIOD

TIME FROM WHICH PERIOD BEGINS TO RUN

 

Limitation Act 1963

What is Limitation period for Suits relating to accounts? Part I of Limitation Act 1963

What is Limitation period for Suits relating to Contract? Part II of Limitation Act 1963

What is Limitation period for Suits relating to Declarations? Part III of Limitation Act 1963

What is Limitation period for Suits relating to Declaration? Part IV of Limitation Act 1963

What is Limitation period for Suits relating to Immovable Property? Part V of Limitation Act 1963

What is Limitation period for Suits relating to Movable Property? Part VI of Limitation Act 1963

What is Limitation period for Suits relating to Torts? Part VII of Limitation Act 1963

What is Limitation period for Suits relating to Trust and Trust Property? Part VIII of Limitation Act 1963

What is Limitation period for Suits relating to Miscellaneous Matters? Part IX of Limitation Act 1963

What is Limitation period for which there is no prescribed period? Part X of Limitation Act 1963

What is Limitation period for Appeals? Division II of Limitation Act 1963

What is Limitation period for Application in specified cases? Limitation Act 1963

 
For the balance due on a mutual, open and current account where there have been reciprocal demands between the parties. Three Years The close of the year in which the last item admitted or proved is entered in the account; such year to be computed as in the account.

 

Against a factor for an account Three Years When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates.

 

By a principal against his agent for movable property received by the latter and not accounted for. Three Years When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates.

 

Other suits by principals against agents for Three Years When the neglect or misconduct becomes known to the plaintiff.

 

For an account and a share of the profits of dissolved partnership Three Years The date of the dissolution.

 

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