Section 14 Indian Partnership Act 1932

Section 14 Indian Partnership Act Section 14 of the Indian Partnership Act 1932 is about The property of the firm. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. The property of the firm Subject to contract between the partners, the property of the firm includes all property and rights and interests in […]

Section 13 Indian Partnership Act 1932

Section 13 Indian Partnership Act Section 13 of the Indian Partnership Act 1932 is about Mutual rights and liabilities. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Mutual rights and liabilities Subject to contract between the partners– (a) a partner is not entitled to receive remuneration for taking part in the conduct […]

Section 12 Indian Partnership Act 1932

Section 12 Indian Partnership Act Section 12 of the Indian Partnership Act 1932 is about The conduct of the business. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. The conduct of the business Subject to contract between the partners– (a) every partner has a right to take part in the conduct of […]

Section 11 Indian Partnership Act 1932

Section 11 Indian Partnership Act Section 11 of the Indian Partnership Act 1932 is about  Determination of rights and duties of partners by contract between the partners. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act.  Determination of rights and duties of partners by contract between the partners. (1) Subject to the provisions […]

Section 10 Indian Partnership Act 1932

Section 10 Indian Partnership Act Section 10 of the Indian Partnership Act 1932 is about Duty to indemnify for loss caused by fraud. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Duty to indemnify for loss caused by fraud Every partner shall indemnify the firm for any loss caused to it by […]

Section 9 Indian Partnership Act 1932

Section 9 Indian Partnership Act Section 9 of the Indian Partnership Act 1932 is about General duties of partners. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. General duties of partners Partners are bound to carry on the business of the firm to the greatest common advantage, to be just and faithful […]

Section 8 Indian Partnership Act 1932

Section 8 Indian Partnership Act Section 8 of the Indian Partnership Act 1932 is about Particular partnership. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Particular partnership. A person may become a partner with another person in particular adventures or undertakings.

Section 7 Indian Partnership Act 1932

Section 7 Indian Partnership Act Section 7 of the Indian Partnership Act 1932 is about Partnership at will. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Partnership at will Where no provision is made by contract between the partners for the duration of their partnership or for the determination of their partnership, the partnership […]

Section 6 Indian Partnership Act 1932

Section 6 Indian Partnership Act Section 6 of the Indian Partnership Act 1932 is about Mode of determining existence of partnership. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Mode of determining existence of partnership. In determining whether a group of persons is or is not a firm, or whether a person is or […]

Section 5 Indian Partnership Act 1932

Section 5 Indian Partnership Act Section 5 of the Indian Partnership Act 1932 is about Partnership not created by status. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act.   Partnership not created by status. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided […]