Section 11 of Indian Partnership Act
Determination of rights and duties of partners by contract between the partners. Agreements in restraint of trade.— (1) Subject to the provisions of this Act, the mutual rights and duties of the partners of a…
Section 12 of Indian Partnership Act
The conduct of the business.— Subject to contract between the partners— (a) every partner has a right to take part in the conduct of the business; (b) every partner is bound to attend diligently to…
Section 13 of Indian Partnership Act
Mutual rights, and liabilities.— Subject to contract between the partners— (a) a partner is not entitled to receive remuneration for taking part in the conduct of the business; (b) the partners are entitled to share…
Section 14 of Indian Partnership Act
The property of the firm.— Subject to contract between the partners, the property of the firm includes all property and rights and interests in property originally brought into the stock of the firm, or acquired,…
Section 15 of Indian Partnership Act
Application of the property of the firm.— Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.
Section 16 of Indian Partnership Act
Personal profits earned by partners.— Subject to contract between the partners,— (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business…
Section 17 of Indian Partnership Act
Rights and duties of partners— after a change in the firm, after the expiry of the term of the firm, and—where additional undertakings are carried out.— Subject to contract between the partners,— (a) where a…
Section 18 of Indian Partnership Act
Partner to be agent of the firm.— Subject to the provisions of this Act, a partner is the agent of the firm for the purposes of the business of the firm.
Section 19 of Indian Partnership Act
Implied authority of partner as agent of the firm.— (1) Subject to the provisions of section 22, the act of a partner which is done to carry on, in the usual way, business of the…