Indian Partnership Act, 1932
Bare Act · 1932
An Act to define and amend the law relating to partnership.
In the syllabus of: AIBE · Bihar Civil Judge · Bihar Higher Judiciary · Delhi Civil Judge · Delhi Higher Judiciary · Gujarat Civil Judge · Haryana APO · Haryana Civil Judge · Kerala Civil Judge · Maharashtra Civil Judge · Odisha Civil Judge · Punjab Civil Judge · Rajasthan Civil Judge · Rajasthan Higher Judiciary · UGC NET Law · UP Civil Judge · UP Higher Judiciary · UPSC Law Optional · Uttarakhand Civil Judge · West Bengal Civil Judge
- Act number
- 9 of 1932
- Enacted
- 8 April 1932
- Contents
- 74 sections · 8 chapters
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Contents
Chapter I — Preliminary
- Section 1 – Short title, extent and commencement
- Section 2 – Definitions
- Section 3 – Application of provisions of Act 9 of 1872
Chapter II — The Nature Of Partnership
- Section 4 – Definition of “partnership”, “partner”, “firm” and “firm name”
- Section 5 – Partnership not created by status
- Section 6 – Mode of determining existence of partnership (preview)
- Section 7 – Partnership at will (preview)
- Section 8 – Particular partnership (preview)
Chapter III — Relationsof Partners To One Another
- Section 9 – General duties of partners (preview)
- Section 10 – Duty to indemnify for loss caused by fraud (preview)
- Section 11 – Determination of rights and duties of partners by contract between the partners Agreements in restraint of trade. (preview)
- Section 12 – The conduct of the business (preview)
- Section 13 – Mutual rights and liabilities (preview)
- Section 14 – The property of the firm (preview)
- Section 15 – Application of the property of the firm (preview)
- Section 16 – Personal profits earned by partners (preview)
- Section 17 – 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. (preview)
Chapter IV — Relations Of Partners To Third Parties
- Section 18 – Partner to be agent of the firm (preview)
- Section 19 – Implied authority of partner as agent of the firm (preview)
- Section 20 – Extension and restriction of partner’s implied authority (preview)
- Section 21 – Partner’s authority in an emergency (preview)
- Section 22 – Mode of doing act to bind firm (preview)
- Section 23 – Effect of admissions by a partner., (preview)
- Section 24 – Effect of notice to acting partner (preview)
- Section 25 – Liability of a partner for acts of the firm (preview)
- Section 26 – Liability of the firm for wrongful acts of a partner (preview)
- Section 27 – Liability of firm for misapplication by partners (preview)
- Section 28 – Holding out (preview)
- Section 29 – Rights of transferee of a partner’s interest (preview)
- Section 30 – Minors admitted to the benefits of partnership (preview)
Chapter V — Incoming And Outgoing Partners
- Section 31 – Introduction of a partner (preview)
- Section 32 – Retirement of a partner (preview)
- Section 33 – Expulsion of a partner (preview)
- Section 34 – Insolvency of a partner (preview)
- Section 35 – Liability of estate of deceased partner (preview)
- Section 36 – Rights of outgoing partner to carry on competing business Agreements in restraint of trade. (preview)
- Section 37 – Right of outgoing partner in certain cases to share subsequent profits (preview)
- Section 38 – Revocation of continuing guarantee by change in firm (preview)
Chapter VI — Dissolution Of A Firm
- Section 39 – Dissolution of a firm (preview)
- Section 40 – Dissolution by agreement (preview)
- Section 41 – Compulsory dissolution (preview)
- Section 42 – Dissolution on the happening of certain contingencies (preview)
- Section 43 – Dissolution by notice of partnership at will (preview)
- Section 44 – Dissolution by the Court (preview)
- Section 45 – Liability for acts of partners done after dissolution (preview)
- Section 46 – Right of partners to have business wound up after dissolution (preview)
- Section 47 – Continuing authority of partners for purposes of winding up (preview)
- Section 48 – Mode of settlement of accounts between partners (preview)
- Section 49 – Payment of firm debts and of separate debts (preview)
- Section 50 – Personal profits earned after dissolution (preview)
- Section 51 – Return of premium on premature dissolution (preview)
- Section 52 – Rights where partnership contract is rescinded for fraud or misrepresentation (preview)
- Section 53 – Right to restrain from use of firm name or firm property (preview)
- Section 54 – Agreements in restraint of trade (preview)
- Section 55 – Sale of goodwill after dissolution Rights of buyer and seller of goodwill. Agreements in restraint of trade. (preview)
Chapter VII — Registration Of Firms
- Section 56 – Power to exempt from application of this Chapter (preview)
- Section 57 – Appointment of Registrars (preview)
- Section 58 – Application for registration (preview)
- Section 59 – Registration (preview)
- Section 60 – Recording of alterations in firm name and principal place of business (preview)
- Section 61 – Noting of closing and opening of branches (preview)
- Section 62 – Noting of changes in names and addresses of partners (preview)
- Section 63 – Recording of changes in and dissolution of a firm Recording of withdrawal of a minor. (preview)
- Section 64 – Rectification of mistakes (preview)
- Section 65 – Amendment of Register by order of Court (preview)
- Section 66 – Inspection of Register and filed documents (preview)
- Section 67 – Grant of copies (preview)
- Section 68 – Rules of evidence (preview)
- Section 69 – Effect of non-registration (preview)
- Section 70 – Penalty for furnishing false particulars (preview)
- Section 71 – Power to make rules (preview)