The Indian Partnership Act, 1932
Central Act · Act 9 of 193273 provisions41 citing judgments
The enactment
| Long title | An Act to define and amend the Law Relating to Partnership. |
|---|---|
| Type | Act |
| Citation | Act 9 of 1932 |
| Year | 1932 |
| Jurisdiction | Central |
| Ministry | Ministry of Corporate Affairs |
| Status | In force as published by the source |
| Provisions published | 73 |
| Subjects | corporate |
Full text, provision by provision
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- Section 1 Short title, extent and commencement.
- Section 2 Definitions.1 citing judgment
- Section 3 Application of provisions of Act 9 of 1872.
- Section 4 Definition of “partnership”, “partner”, “firm” and “firm name”.1 citing judgment
- Section 5 Partnership not created by status.
- Section 6 Mode of determining existence of partnership.
- Section 7 Partnership at will.
- Section 8 Particular partnership.
- Section 9 General duties of partners.
- Section 10 Duty to indemnify for loss caused by fraud.
- Section 11 Determination of rights and duties of partners by contract between the partners.
- Section 12 The conduct of the business.
- Section 13 Mutual rights and liabilities.1 citing judgment
- Section 14 The property of the firm.2 citing judgments
- Section 15 Application of the property of the firm.
- Section 16 Personal profits earned by partners.
- 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
- Section 18 Partner to be agent of the firm.
- Section 19 Implied authority of partner as agent of the firm.
- Section 20 Extension and restriction of partner’s implied authority.
- Section 21 Partner’s authority in an emergency.
- Section 22 Mode of doing act to bind firm.
- Section 23 Effect of admissions by a partner.,
- Section 24 Effect of notice to acting partner.
- Section 25 Liability of a partner for acts of the firm.2 citing judgments
- Section 26 Liability of the firm for wrongful acts of a partner.1 citing judgment
- Section 27 Liability of firm for misapplication by partners.
- Section 28 Holding out.
- Section 29 Rights of transferee of a partner ’s interest.
- Section 30 Minors admitted to the benefits of partnership.1 citing judgment
- Section 31 Introduction of a partner.
- Section 32 Retirement of a partner.2 citing judgments
- Section 33 Expulsion of a partner.
- Section 34 Insolvency of a partner.
- Section 35 Liability of estate of deceased partner.
- Section 36 Rights of outgoing partner to carry on competing business.
- Section 37 Right of outgoing partner in certain cases to share subsequent profits.1 citing judgment
- Section 38 Revocation of continuing guarantee by change in firm.1 citing judgment
- Section 39 Dissolution of a firm.1 citing judgment
- Section 40 Dissolution by agreement.2 citing judgments
- Section 41 Compulsory dissolution.1 citing judgment
- Section 42 Dissolution on the happening of certain contingencies.6 citing judgments
- Section 43 Dissolution by notice of partnership at will.1 citing judgment
- Section 44 Dissolution by the Court.2 citing judgments
- Section 45 Liability for acts of partners done after dissolution.1 citing judgment
- Section 46 Right of partners to have business wound up after dissolution.1 citing judgment
- Section 47 Continuing authority of partners for purposes of winding up.
- Section 48 Mode of settlement of accounts between partners.4 citing judgments
- Section 49 Payment of firm debts and of separate debts.
- Section 50 Personal profits earned after dissolution.
- Section 51 Return of premium on premature dissolution.
- Section 52 Rights where partnership contract is rescinded for fraud or misrepresentation.
- Section 53 Right to restrain from use of firm name or firm property.
- Section 54 Agreements in restraint of trade.
- Section 55 Sale of goodwill after dissolution.
- Section 56 Power to exempt from application of this Chapter.
- Section 57 Appointment of Registrars.
- Section 58 Application for registration.
- Section 59 Registration.1 citing judgment
- Section 60 Recording of alterations in firm name and principal place of business.
- Section 61 Noting of closing and opening of branches.
- Section 62 Noting of changes in names and addresses of partners.1 citing judgment
- Section 63 Recording of changes in and dissolution of a firm.1 citing judgment
- Section 64 Rectification of mistakes.
- Section 65 Amendment of Register by order of Court.
- Section 66 Inspection of Register and filed documents.
- Section 67 Grant of copies.
- Section 68 Rules of evidence.
- Section 69 Effect of non-registration.5 citing judgments
- Section 70 Penalty for furnishing false particulars.
- Section 71 Power to make rules.
- Section 72 Mode of giving public notice.1 citing judgment
- Section 74 Savings.
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