Skip to content

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 45 of Indian Partnership Act

    Liability for acts of partners done after dissolution.— (1) Notwithstanding the dissolution of a firm, the partners continue to be liable as such to third parties for any act done by any of them which… 

    Section 46 of Indian Partnership Act

      Right of partners to have business wound up after dissolution.— On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the… 

      Section 47 of Indian Partnership Act

        Continuing authority of partners for purposes of winding up.— After the dissolution of a firm the authority of each partner to bind the firm, and the other mutual rights and obligations of the partners, continue… 

        Section 48 of Indian Partnership Act

          Mode of settlement of accounts between partners.— In settling the accounts of a firm after dissolution, the following rules shall, subject to agreement by the partners, be observed: — (a) Losses, including deficiencies of capital,… 

          Section 49 of Indian Partnership Act

            Payment of firm debts and of separate debts.— Where there are joint debts due from the firm, and also separate debts due from any partner, the property of the firm shall be applied in the… 

            Section 50 of Indian Partnership Act

              Personal profits earned after dissolution.— Subject to contract between the partners, the provisions of clause (a) of section 16 shall apply to transactions by any surviving partner or by the representatives of a deceased partner,… 

              Section 51 of Indian Partnership Act

                Return of premium on premature dissolution.— Where a partner has paid a premium on entering into partnership for a fixed term, and the firm is dissolved before the expiration of that term otherwise than by… 

                Section 52 of Indian Partnership Act

                  Rights where partnership contract is rescinded for fraud or misrepresentation.— Where a contract creating partnership is rescinded on the ground of the fraud or misrepresentation of any of the parties thereto, the party entitled to… 

                  Section 53 of Indian Partnership Act

                    Right to restrain from use of firm name or firm property.— After a firm is dissolved, every partner or his representative may, in the absence of a contract between the partners to the contrary, restrain…