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1. Short title, extent and commencement.—(1) This Act may be called the Indian Partnership Act, 1932. 1[(2) It extends to the whole of India 2[3***].] (3) It shall come into force on the 1st day of October, 1932, except section 69, which shall come into force on the 1st day of October, 1933. 2. Definitions.
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 ...
The Indian Partnership Act, 1932. भारतीय भागीदारी अधिनियम, 1932
The Indian Partnership Act, 1932 was enacted in India in 1932. Provisions. Under section 44 (d) of the Act, a suit can be filed against the managing partner for dissolution of the partnership firm. [1] Section.4 of the Indian Partnership Act, 1932 defines Partnership in the following terms:
The Partnership Act, 1932. An Act to define and amend the law relating to partnership.
2 days ago · The Indian partnership act 1932 is an extremely important concept as about 3 to 4 chapters in accounts revolve around the concept of partnership and it explains in-depth the features of the Indian partnership act of 1932.
May 13, 2023 · Explore the intricacies of the Indian Partnership Act, 1932. Learn about the key elements, types of partnerships, duties of partners, rights and liabilities, property of the firm, and dissolution procedures. Dive into the legal nuances governing partnerships in India.
The Indian Partnership Act 1932 defines a partnership as a relation between two or more persons who agree to share the profits of a business run by them all or by one or more persons acting for them all. Let us have a look at Indian Partnership Act in detail.
1. Short title, extent and commencement.—(1) This Act may be called the Indian Partnership Act, 1932. 1[(2) It extends to the whole of India 2[except the State of Jammu and Kashmir].] (3) It shall come into force on the 1st day of October, 1932, except section 69, which shall come into force on the 1st day of October, 1933. 2. Definitions.
1 day ago · Yes, Section 194T is applicable to firms, including partnership firms and LLPs. As per Section 2(23)(i) the Income Tax Act, 1961, “firm” shall have the meaning assigned to it in the Indian Partnership Act, 1932 (9 of 1932), and shall include a limited liability partnership as defined in the Limited Liability Partnership Act, 2008 (6 of 2009).
