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Varun Kumar Jha

Varun Kumar Jha is a Legal Researcher and the founder of LLB Varun. The content is written and reviewed by , a dedicated legal author with an LL.B. background from Karnataka State Law University (KSLU). You can review and verify the statutory language directly within the Ministry of Home Affairs Official Gazette Document. 🌐 Connect: LinkedIn | Contact Editor.

Section 27 of Indian Partnership Act

    Liability of firm for misapplication by partners.— Where— (a) a partner acting within his apparent authority receives money or property from a third party and misapplies it, or (b) a firm in the course of… 

    Section 28 of Indian Partnership Act

      Holding out.— (1) Anyone who by words spoken or written or by conduct represents himself, or knowingly permits himself to be represented, to be a partner in a firm, is liable as a partner in… 

      Section 29 of Indian Partnership Act

        Rights of transferee of a partner’s interest.— (1) A transfer by a partner of his interest in the firm, either absolute or by mortgage, or by the creation by him of a charge on such… 

        Section 30 of Indian Partnership Act

          Minors admitted to the benefits of partnership.— (1) A person who is a minor according to the law to which he is subject may not be a partner in a firm, but, with the consent… 

          Section 31 of Indian Partnership Act

            Introduction of a partner.— (1) Subject to contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a firm without the consent of all the… 

            Section 32 of Indian Partnership Act

              Retirement of a partner.— (1) A partner may retire— (2) A retiring partner may be discharged from any liability to any third party for acts of the firm done before his retirement by an agreement… 

              Section 33 of Indian Partnership Act

                Expulsion of a partner.— (1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith of powers conferred by contract between the partners.… 

                Section 34 of Indian Partnership Act

                  Insolvency of a partner.— (1) Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the date on which the order of adjudication is made, whether or not… 

                  Section 35 of Indian Partnership Act

                    Liability of estate of deceased partner. — Where under a contract between the partners the firm is not dissolved by the death of a partner, the estate of a deceased partner is not liable for…