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Section 4 in The Indian Partnership Act, 1932. 4. Definition of “partnership”, “partner”, “firm” and “firm name”.—. "Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
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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. Mode of determining existence of partnership.
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 ...
Definitions.— In this Act, unless there is anything repugnant in the subject or context,— (a) an “act of a firm” means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm; (b) “business” includes every trade, occupation and profession;
Dec 28, 2017 · The Indian Partnership Act, 1932. Chapter-I I The Nature of Partnership. Section 4: Definition of “partnership”, “partner”, “firm” and “firm name”. 4. “Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Section 4. Definition of “partnership”, “partner”, “firm” and “firm name”.
Nov 1, 2022 · According to Section 4 of the Partnership Act,1932 “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all”.
