Indian Partnership act, 1932

Section 39 of the Indian Partnership Act, 1932 defines dissolution of a firm as the dissolution of partnership between all the partners of a firm. This is a crucial concept under the Act and involves several aspects like modes of dissolution, liabilities, and winding up of business affairs. ⚖️ MODES OF DISSOLUTION 1. Dissolution by […]

Table of Contents Modes of Introduction of a Partner Expulsion of a Partner Insolvency of a Partner Death of a Partner Retirement of a Partner Rights of an Outgoing Partner MODES OF INTRODUCTION OF A PARTNER Section 31 of the Indian Partnership Act, 1932, deals with the following rules of introduction of a partner in

Table of Contents Section 58: Application for Firm Registration Section 59: Registration of the Firm Section 69: Effects of Non-Registration Suit Between Partners and Firm Suit Between Firm and Third Parties Exceptions Section 70: Penalty for False Statements Section 58: Application for Firm Registration Under Section 58 of the Indian Partnership Act, 1932, a firm

Table of Contents Section 18: Partner as Agent Section 19: Implied Authority of a Partner Section 20 to 22: Authority Scope Section 25: Joint and Several Liability Section 26: Liability for Wrongful Acts Section 27: Misapplication of Money Section 28: Doctrine of Holding Out Section 30: Minor and Partnership Chapter IV of the Indian Partnership

📚 Table of Contents General Duties of Partners Rights of Partners Determination of Rights & Duties Personal Profits by Partner Effect of Change, Expiry or Additional Undertaking General Duties of Partners The general duties of partners are: Carry on the business for the greatest common advantage – Section 9 Be just and faithful to each

📚 Table of Contents What is Partnership? Types of Partners Section 5 – Partnership by Contract Section 6 – Nature of Relationship Partnership at Will Particular Partnership Indian Partnership act was enacted in 1932 and came into force from 1st October , 1932. This act deals with regulating the partnership business in India. Partnership is basically