CHAPTER I – PRELIMINARY 1. Short title, extent and commencement. (1) This Act may be called the Indian Partnership Act, 1932. (2) It extends toRead More →

CHAPTER II – THE NATURE OF PARTNERSHIP 4. Definition of “partnership”, “partner”, “firm” and “firm name”. ’’Partnership” is the relation between persons who have agreedRead More →

5. Partnership not created by status. The relation of partnership arises from contract and not from status; and, in particular, the members of a HinduRead More →