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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 of powers conferred by contract between the partners.

(2) The provisions of sub-sections (2), (3) and (4) of section 32 shall apply to an expelled partner as if he were a retired partner.

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See also Section 17 Indian Partnership Act 1932

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