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 […]
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 […]