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THE INDIAN PARTNERSHIP ACT, 1932. ________ ARRANGEMENT OF SECTIONS. ________ CHAPTER I PRELIMINARY SECTIONS. Short title, extent and commencement. Definitions. Application of provisions of Act 9 of 1872. CHAPTER II. THE NATURE OF PARTNERSHIP. Definition of “partnership”, “partner”, “firm” and “firm name”. Partnership not created by status.
AN ACT TO DEFINE AND AMEND THE LAW RELATING TO PARTNERSHIP. WHEREAS it is expedient to define and amend the law relating to partnership; It is hereby enacted as follows : Section1 SHORT TITLE EXTENT AND COMMENCEMENT. (1) This Act may be called the Indian Partnership Act, 1932. (2) It extends to the whole of India except the State of Jammu and ...
Nov 1, 2022 · Partnership results from a contract and is governed by the Partnership Act 1932. The partnership is also governed by the general provision of the Indian Contract Act on such matters where the Partnership Act is silent.
The Indian Partnership Act, 1932 [Act No. 9 of 1932] [8th April, 1932] An Act to define and amend the law relating to partnership. WHEREAS it is expedient to define and amend the law relating to partnership. It is hereby enacted as follows: 1. Short title, extent and commencement.— This Act may be called the Indian Partnership Act, 1932.
An Act to define and amend the law relating to partnership.
Nov 8, 2020 · Any partnership formed under the provisions of the Indian Contract Act, 1872 and Indian Partnership Act, 1932, is called a legal Partnership. ILLEGAL PARTNERSHIP. When any partner violates any law of the country, it becomes an illegal partnership. ON THE BASIS OF REGISTRATION. The Partnership Act provides for both, registered firms and ...
Apart from minor differences necessitat- ed by the peculiar conditions of India, the basic principles embodied in the Indian Fartnership Act, 1932 are the same as those contained in the English Partnership Act, 1890 and in the Uniform Partnership Act prepared in the United States of America."
