Section 34 Indian Partnership Act 1932
Section 34 Indian Partnership Act Section 34 of the Indian Partnership Act 1932 is about Insolvency of a partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Insolvency of a partner (1) Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the date on which the […]
Section 33 Indian Partnership Act 1932
Section 33 Indian Partnership Act Section 33 of the Indian Partnership Act 1932 is about Expulsion of a partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Expulsion of a partner. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith […]
Section 32 Indian Partnership Act 1932
Section 32 Indian Partnership Act Section 32 of the Indian Partnership Act 1932 is about Retirement of a partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Retirement of a partner. (1) A partner may retire– (a) with the consent of all the other partners, (b) in accordance with an express agreement by the […]
Section 31 Indian Partnership Act 1932
Section 31 Indian Partnership Act Section 31 of the Indian Partnership Act 1932 is about Introduction of a partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Introduction of a partner (1) Subject to contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a […]
Section 30 Indian Partnership Act 1932
Section 30 Indian Partnership Act Section 30 of the Indian Partnership Act 1932 is about Minors admitted to the benefits of partnership. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Minors admitted to the benefits of partnership (1) A person who is a minor according to the law to which he is […]
Section 29 Indian Partnership Act 1932
Section 29 Indian Partnership Act Section 29 of the Indian Partnership Act 1932 is about Rights of transferee of a partner ’s interest. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Rights of transferee of a partner ’s interest (1) A transfer by a partner of his interest in the firm, either […]
Section 28 Indian Partnership Act 1932
Section 28 Indian Partnership Act Section 28 of the Indian Partnership Act 1932 is about Holding out. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Holding out (1) Any one who by words spoken or written or by conduct represents himself, or knowingly permits himself to be represented, to be a partner […]
Section 27 Indian Partnership Act 1932
Section 27 Indian Partnership Act Section 27 of the Indian Partnership Act 1932 is about Liability of firm for misapplication by partners. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Liability of firm for misapplication by partners. Where– (a) a partner acting within his apparent authority receives money or property from a […]
Section 26 Indian Partnership Act 1932
Section 26 Indian Partnership Act Section 26 of the Indian Partnership Act 1932 is about Liability of the firm for wrongful acts of a partner. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Liability of the firm for wrongful acts of a partner Where, by the wrongful act or omission of a […]
Section 25 Indian Partnership Act 1932
Section 25 Indian Partnership Act 1932 Section 25 of the Indian Partnership Act 1932 is about Liability of a partner for acts of the firm. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Liability of a partner for acts of the firm Every partner is liable, jointly with all the other partners […]