Section 40 Indian Partnership Act 1932

Section 40 Indian Partnership Act Section 40 of the Indian Partnership Act 1932 is about Dissolution by agreement. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by agreement. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

Section 39 Indian Partnership Act 1932

Section 39 Indian Partnership Act Section 39 of the Indian Partnership Act 1932 is about Dissolution of a firm. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution of a firm. The dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

Section 38 Indian Partnership Act 1932

Section 38 Indian Partnership Act Section 38 of the Indian Partnership Act 1932 is about Revocation of continuing guarantee by change in firm. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Revocation of continuing guarantee by change in firm. A continuing guarantee given to a firm, or to a third party in respect of […]

Section 37 Indian Partnership Act 1932

Section 37 Indian Partnership Act Section 37 of the Indian Partnership Act 1932 is about Right of outgoing partner in certain cases to share subsequent profits. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Right of outgoing partner in certain cases to share subsequent profits Where any member of a firm has died or […]

Section 36 Indian Partnership Act 1932

Section 36 Indian Partnership Act Section 31 of the Indian Partnership Act 1932 is about Rights of outgoing partner to carry on competing business. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Rights of outgoing partner to carry on competing business. (1) An outgoing partner may carry on a business competing with that of […]

Section 35 Indian Partnership Act 1932

Section 35 Indian Partnership Act Section 35 of the Indian Partnership Act 1932 is about Liability of estate of deceased partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Liability of estate of deceased partner. Where under a contract between the partners the firm is not dissolved by the death of a partner, the […]

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 […]