Section 1 of Indian Partnership Act
What Is Section 1 of Indian Partnership Act? Short title, extent and commencement.— (1) This Act may be called the Indian Partnership Act, 1932.…
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Section 2 of Indian Partnership Act
What Is Section 2 of Indian Partnership Act? Definitions.— In this Act, unless there is anything repugnant in the subject or context,— (a) an…
Read articleSection 3 of Indian Partnership Act
What Is Section 3 of Indian Partnership Act? Application of provisions of Act 9 of 1872.— The unrepealed provisions of the Indian Contract Act,…
Read articleSection 4 of Indian Partnership Act
What Is Section 4 of Indian Partnership Act? Definition of “partnership”, “partner”, “firm” and “firm name”.— “Partnership” is the relation between persons who have…
Read articleSection 5 of Indian Partnership Act
What Is Section 5 of Indian Partnership Act? Partnership not created by status.— The relation of partnership arises from contract and not from status;…
Read articleSection 6 of Indian Partnership Act
What Is Section 6 of Indian Partnership Act? Mode of determining existence of partnership.— In determining whether a group of persons is or is…
Read articleSection 7 of Indian Partnership Act
What Is Section 7 of Indian Partnership Act? Partnership at will.— Where no provision is made by contract between the partners for the duration…
Read articleSection 8 of Indian Partnership Act
What Is Section 8 of Indian Partnership Act? Particular partnership.— A person may become a partner with another person in particular adventures or undertakings.
Read articleSection 9 of Indian Partnership Act
What Is Section 9 of Indian Partnership Act? General duties of partners.— Partners are bound to carry on the business of the firm to…
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