Section 10 Indian Partnership Act 1932
Section 10 Indian Partnership Act Section 10 of the Indian Partnership Act 1932 is about Duty to indemnify for loss caused by fraud. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. Duty to indemnify for loss caused by fraud Every partner shall indemnify the firm for any loss caused to it by […]
Section 9 Indian Partnership Act 1932
Section 9 Indian Partnership Act Section 9 of the Indian Partnership Act 1932 is about General duties of partners. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act. General duties of partners Partners are bound to carry on the business of the firm to the greatest common advantage, to be just and faithful […]
Section 8 Indian Partnership Act 1932
Section 8 Indian Partnership Act Section 8 of the Indian Partnership Act 1932 is about Particular partnership. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Particular partnership. A person may become a partner with another person in particular adventures or undertakings.
Section 7 Indian Partnership Act 1932
Section 7 Indian Partnership Act Section 7 of the Indian Partnership Act 1932 is about Partnership at will. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Partnership at will Where no provision is made by contract between the partners for the duration of their partnership or for the determination of their partnership, the partnership […]
Section 6 Indian Partnership Act 1932
Section 6 Indian Partnership Act Section 6 of the Indian Partnership Act 1932 is about Mode of determining existence of partnership. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Mode of determining existence of partnership. In determining whether a group of persons is or is not a firm, or whether a person is or […]
Section 5 Indian Partnership Act 1932
Section 5 Indian Partnership Act Section 5 of the Indian Partnership Act 1932 is about Partnership not created by status. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Partnership not created by status. The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided […]
Section 4 Indian Partnership Act 1932
Section 4 Indian Partnership Act Section 2 of the Indian Partnership Act 1932 is about Definition of “partnership”, “partner”, “firm” and “firm name”. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act. Definition of “partnership”, “partner”, “firm” and “firm name”. “Partnership” is the relation between persons who have agreed to share the profits of a […]
Section 3 Indian Partnership Act 1932
Section 3 of the Indian Partnership Act 1932 is about Application of provisions of Act 9 of 1872. It is under CHAPTER I (PRELIMINARY) of the Act. Application of provisions of Act 9 of 1872 The unrepealed provisions of the Indian Contract Act, 1872 (9 of 1872), save in so far as they are inconsistent with the express […]
Section 2 Indian Partnership Act 1932
Section 2 Indian Partnership Act Section 2 of the Indian Partnership Act 1932 is about Definitions. It is under CHAPTER I (PRELIMINARY) of the Act. In this Act, unless there is anything repugnant in the subject or context,– (a) an “act of a firm” means any act or omission by all the partners, or by any partner or […]
Section 1 Indian Partnership Act 1932
Section 1 Indian Partnership Act Section 1 of the Indian Partnership Act 1932 is about Short title, extent and commencement. It is under CHAPTER I (PRELIMINARY) of the Act. Short title, extent and commencement (1) This Act may be called the Indian Partnership Act, 1932. [(2) It extends to the whole of India [***].] (3) It […]