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Section 2: Definitions.

The Indian Partnership Act, 1932Central Act · Act 9 of 1932

In this Act, unless there is anything repugnant in the subject or context,--

(a) an "act of a firm" means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;

(b) "business" includes every trade, occupation and profession;

(c) "prescribed" means prescribed by rules made under this Act;

(d) "third party", used in relation to a firm or to a partner therein, means any person who is not a partner in the firm; and

(e) expressions used but not defined in this Act and defined in the Indian Contract Act, 1872 (9 of 1872), shall have the meanings assigned to them in that Act.

Where this provision sits

ActThe Indian Partnership Act, 1932
Section2
Marginal noteDefinitions.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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