Section 54 Indian Partnership Act 1932
Section 54 Indian Partnership Act Section 54 of the Indian Partnership Act 1932 is about Agreements in restraint of trade. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Agreements in restraint of trade. Partners may, upon or in anticipation of the dissolution of the firm, make an agreement that some or all of them […]
Section 53 Indian Partnership Act 1932
Section 53 Indian Partnership Act Section 53 of the Indian Partnership Act 1932 is about Right to restrain from use of firm name or firm property. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Right to restrain from use of firm name or firm property. After a firm is dissolved, every partner or his […]
Section 52 Indian Partnership Act 1932
Section 52 Indian Partnership Act Section 52 of the Indian Partnership Act 1932 is about Rights where partnership contract is rescinded for fraud or misrepresentation. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Rights where partnership contract is rescinded for fraud or misrepresentation. Where a contract creating partnership is rescinded on the ground of […]
Section 51 Indian Partnership Act 1932
Section 51 Indian Partnership Act Section 51 of the Indian Partnership Act 1932 is about Return of premium on premature dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Return of premium on premature dissolution Where a partner has paid a premium on entering into partnership for a fixed term, and the firm is […]
Section 50 Indian Partnership Act 1932
Section 50 Indian Partnership Act Section 50 of the Indian Partnership Act 1932 is about Personal profits earned after dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Personal profits earned after dissolution. Subject to contract between the partners, the provisions of clause (a) of section 16 shall apply to transactions by any surviving partner or […]
Section 49 Indian Partnership Act 1932
Section 49 Indian Partnership Act Section 49 of the Indian Partnership Act 1932 is about Payment of firm debts and of separate debts. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Payment of firm debts and of separate debts Where there are joint debts due from the firm, and also separate debts due from […]
Section 48 Indian Partnership Act 1932
Section 48 Indian Partnership Act Section 48 of the Indian Partnership Act 1932 is about Mode of settlement of accounts between partners. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Mode of settlement of accounts between partners. In settling the accounts of a firm after dissolution, the following rules shall, subject to agreement by […]
Section 47 Indian Partnership Act 1932
Section 47 Indian Partnership Act Section 47 of the Indian Partnership Act 1932 is about Continuing authority of partners for purposes of winding up. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Continuing authority of partners for purposes of winding up. After the dissolution of a firm the authority of each partner to bind […]
Section 46 Indian Partnership Act 1932
Section 46 Indian Partnership Act Section 46 of the Indian Partnership Act 1932 is about Right of partners to have business wound up after dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Right of partners to have business wound up after dissolution On the dissolution of a firm every partner or his representative […]
Section 45 Indian Partnership Act 1932
Section 45 Indian Partnership Act Section 45 of the Indian Partnership Act 1932 is about Liability for acts of partners done after dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Liability for acts of partners done after dissolution. (1) Notwithstanding the dissolution of a firm, the partners continue to be liable as such […]