Section 24 Indian Partnership Act 1932
Section 24 Indian Partnership Act Section 24 of the Indian Partnership Act 1932 is about Effect of notice to acting partner. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Effect of notice to acting partner Notice to a partner who habitually acts in the business of the firm of any matter relating […]
Section 23 Indian Partnership Act 1932
Section 23 Indian Partnership Act 1932 Section 23 of the Indian Partnership Act 1932 is about Effect of admissions by a partner. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Effect of admissions by a partner An admission or representation made by a partner concerning the affairs of the firm is evidence […]
Section 22 Indian Partnership Act 1932
Section 22 Indian Partnership Act Section 22 of the Indian Partnership Act 1932 is about Mode of doing act to bind firm. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Mode of doing act to bind firm In order to bind a firm, an act or instrument done or executed by a […]
Section 21 Indian Partnership Act 1932
Section 21 Indian Partnership Act Section 21 of the Indian Partnership Act 1932 is about Partner’s authority in an emergency. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Partner’s authority in an emergency A Partner has authority, in an emergency, to do all such acts for the purpose of protecting the firm […]
Section 20 Indian Partnership Act 1932
Section 20 Indian Partnership Act Section 20 of the Indian Partnership Act 1932 is about Extension and restriction of partner’s implied authority. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Extension and restriction of partner’s implied authority The partners in a firm may, by contract between the partners, extend or restrict the […]
Section 19 Indian Partnership Act 1932
Section 19 Indian Partnership Act Section 19 of the Indian Partnership Act 1932 is about Implied authority of partner as agent of the firm. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Implied authority of partner as agent of the firm (1) Subject to the provisions of section 22, the act of […]
Section 18 Indian Partnership Act 1932
Section 18 Indian Partnership Act Section 18 of the Indian Partnership Act 1932 is about Partner to be agent of the firm. It is under CHAPTER IV (RELATION OF PARTNERS TO THIRD PARTIES) of the Act. Partner to be agent of the firm Subject to the provisions of this Act, a partner is the agent of the firm […]
Section 17 Indian Partnership Act 1932
Section 17 Indian Partnership Act Section 17 of the Indian Partnership Act 1932 is about 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. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Rights and […]
Section 16 Indian Partnership Act 1932
Section 16 Indian Partnership Act Section 16 of the Indian Partnership Act 1932 is about Personal profits earned by partners. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Personal profits earned by partners Subject to contract between the partners,– (a) if a partner derives any profits for himself from any transaction of […]
Section 15 Indian Partnership Act 1932
Section 15 Indian Partnership Act Section 15 of the Indian Partnership Act 1932 is about Application of the property of the firm. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Application of the property of the firm Subject to contract between the partners, the property of the firm shall be held and […]