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 […]
Section 14 Indian Partnership Act 1932
Section 14 Indian Partnership Act Section 14 of the Indian Partnership Act 1932 is about The property of the firm. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. The property of the firm Subject to contract between the partners, the property of the firm includes all property and rights and interests in […]
Section 13 Indian Partnership Act 1932
Section 13 Indian Partnership Act Section 13 of the Indian Partnership Act 1932 is about Mutual rights and liabilities. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Mutual rights and liabilities Subject to contract between the partners– (a) a partner is not entitled to receive remuneration for taking part in the conduct […]
Section 12 Indian Partnership Act 1932
Section 12 Indian Partnership Act Section 12 of the Indian Partnership Act 1932 is about The conduct of the business. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. The conduct of the business Subject to contract between the partners– (a) every partner has a right to take part in the conduct of […]
Section 11 Indian Partnership Act 1932
Section 11 Indian Partnership Act Section 11 of the Indian Partnership Act 1932 is about Determination of rights and duties of partners by contract between the partners. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Determination of rights and duties of partners by contract between the partners. (1) Subject to the provisions […]