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 […]

Section 44 Indian Partnership Act 1932

Section 44 Indian Partnership Act Section 44 of the Indian Partnership Act 1932 is about Dissolution by the Court. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by the Court. At the suit of a partner, the Court may dissolve a firm on any of the following grounds, namely:– (a) that a partner […]

Section 43 Indian Partnership Act 1932

Section 43 Indian Partnership Act Section 43 of the Indian Partnership Act 1932 is about Dissolution by notice of partnership at will. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by notice of partnership at will. (1) Where the partnership is at will, the firm may be dissolved by any partner giving notice […]

Section 42 Indian Partnership Act 1932

Section 42 Indian Partnership Act Section 42 of the Indian Partnership Act 1932 is about Dissolution on the happening of certain contingencies. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution on the happening of certain contingencies. Subject to contract between the partners a firm is dissolved– (a) if constituted for a fixed term, […]

Section 41 Indian Partnership Act 1932

Section 41 Indian Partnership Act Section 41 of the Indian Partnership Act 1932 is about Compulsory dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Compulsory dissolution. A firm is dissolved– (a) by the adjudication of all the partners or of all the partners but one as insolvent, or (b) by the happening of […]