The Indian partnership act, 1932 (Bare Act)/
The Indian partnership act, 1932 (Bare Act)/
Universal Law Publishing
- New Delhi: Universal Law Publishing, 2010.
- 53 p.
THE INDIAN PARTNERSHIP ACT, 1932
Introduction
CHAPTER I
PRELIMINARY
Sections 1. Short title, extent and commencement 7
2. Defiiutions 8 3- Application of provisions of Act 9 of 1872 8
CHAPTER II
THE NATURE OF PARTNERSHIP 4. Definition of "partnership", "partner", "firm" and "firm name" 8 5. Partnership not created by status 9 6. Mode of determining existence of partnership 9 7. Partnership at will 10 8. Particular partnership 10
CHAPTER III
RELATIONS OF PARTNERS TO ONE ANOTHER 9. General duties of partners - 10 10. Duty to indemnify for loss caused by fraud 11 11. Determination of rights and duties of partners by contract between the partners 11
12. The conduct of the business 11 13. Mutual rights and liabilities 12 14. The property of the firm 12 15. Application of the property of the firm 13 16. Personal profits earned by partners 13 17. Rights and-duties of partners 14
CHAPTER IV
RELATIONS OF PARTNERS TO THIRD PARTIES 18. Partner to be agent of the firm 14 19. Implied authority of partner as agent of the firm 14 20. Extension and restriction of partner's implied authority 15 21. Partner's authority in an emergency 15 22. Mode of doing act to bind firm 15 23. Effect of admissions by a partner 15 24. Effect of notice to acting partner 15 25. Liability of a partner for acts of the firm 16 26. Liability of the firm for wrongful acts of a partner 16 27. Liability of firm for misapplication by partners 16 28. Holding out 16 29. Rights of transferee or a partner's interest , 16 30. Minors admitted to the benefits of partnership 17
CHAPTER V INCOMING AND OUTGOING PARTNERS 31. Introduction of a partner 18 32. Retirement of a partner# 19 33. Expulsion of a partner 20 34. Insolvency of a partner 20 35. Liability of estate of deceased partner 20 36. Right of outgoing partner to carry on competing business 20
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37. Right of outgoing partner in certain cases to share subsequent profits 20 38. Revocation of continuing guarantee by change in firm 21
CHAPTER VI
DISSOLUTION OF A FIRM 39. Dissolution of a firm 21 40. Dissolution by agreement 21 41. Compulsory dissolution 21 42. Dissolution on the happening of certain contingencies 22 43. Dissolution by notice of partnership at will 22 44. Dissolution by the Court 22 45. Liability for acts of partners done after dissolution 24 46. Right of partners to have business wound up after dissolution 24 47. Continuing authority of partners for purposes of winding up . 24 48. Mode of settlement of accounts between partners 24 49. Pajrment of firm debts and of separate debts 25 50. Personal profits earned after dissolution 25 51. Return of premium on premature dissolution 26 52. Rights where partnership contract is rescinded for fraud or misrepresentation 26 53. Right to restrain from use of firm name or firm property 26 54. Agreements of restraint of trade 26 55. Sale of goodwill after dissolution -22
CHAPTER VII
REGISTRATION OF FIRMS 56. Power to exempt from application of this Chapter 27 57. Appointment of Re^strars 58. Application for registration -j, 59. Registration 60. Recording of alterations in firm name and principal place of business 61. Noting of closing and opening of branches 62. Noting of changes in names and addresses of partners 63. Recor^ng of changes in and dissolution of a firm 64. Rectification of mistakes 65. Amendment of Register by order of Court 66. Inspection of Register and filed documents 67. Grant of copies
68. Rules of evidence 69. Effect of non-registration 70. Penalty for furnishing false particulars 71. Power to make rules
CHAPTER VIII
SUPPLEMENTAL
72. Mode of giving public notice 73. [Repealed] 74. Savings SCHEDULE I—Maximum Fees SCHEDULE II—[Repealed]
Model Specimens of Partnership and Dissolution Deed
349.54 / UNI/I
THE INDIAN PARTNERSHIP ACT, 1932
Introduction
CHAPTER I
PRELIMINARY
Sections 1. Short title, extent and commencement 7
2. Defiiutions 8 3- Application of provisions of Act 9 of 1872 8
CHAPTER II
THE NATURE OF PARTNERSHIP 4. Definition of "partnership", "partner", "firm" and "firm name" 8 5. Partnership not created by status 9 6. Mode of determining existence of partnership 9 7. Partnership at will 10 8. Particular partnership 10
CHAPTER III
RELATIONS OF PARTNERS TO ONE ANOTHER 9. General duties of partners - 10 10. Duty to indemnify for loss caused by fraud 11 11. Determination of rights and duties of partners by contract between the partners 11
12. The conduct of the business 11 13. Mutual rights and liabilities 12 14. The property of the firm 12 15. Application of the property of the firm 13 16. Personal profits earned by partners 13 17. Rights and-duties of partners 14
CHAPTER IV
RELATIONS OF PARTNERS TO THIRD PARTIES 18. Partner to be agent of the firm 14 19. Implied authority of partner as agent of the firm 14 20. Extension and restriction of partner's implied authority 15 21. Partner's authority in an emergency 15 22. Mode of doing act to bind firm 15 23. Effect of admissions by a partner 15 24. Effect of notice to acting partner 15 25. Liability of a partner for acts of the firm 16 26. Liability of the firm for wrongful acts of a partner 16 27. Liability of firm for misapplication by partners 16 28. Holding out 16 29. Rights of transferee or a partner's interest , 16 30. Minors admitted to the benefits of partnership 17
CHAPTER V INCOMING AND OUTGOING PARTNERS 31. Introduction of a partner 18 32. Retirement of a partner# 19 33. Expulsion of a partner 20 34. Insolvency of a partner 20 35. Liability of estate of deceased partner 20 36. Right of outgoing partner to carry on competing business 20
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37. Right of outgoing partner in certain cases to share subsequent profits 20 38. Revocation of continuing guarantee by change in firm 21
CHAPTER VI
DISSOLUTION OF A FIRM 39. Dissolution of a firm 21 40. Dissolution by agreement 21 41. Compulsory dissolution 21 42. Dissolution on the happening of certain contingencies 22 43. Dissolution by notice of partnership at will 22 44. Dissolution by the Court 22 45. Liability for acts of partners done after dissolution 24 46. Right of partners to have business wound up after dissolution 24 47. Continuing authority of partners for purposes of winding up . 24 48. Mode of settlement of accounts between partners 24 49. Pajrment of firm debts and of separate debts 25 50. Personal profits earned after dissolution 25 51. Return of premium on premature dissolution 26 52. Rights where partnership contract is rescinded for fraud or misrepresentation 26 53. Right to restrain from use of firm name or firm property 26 54. Agreements of restraint of trade 26 55. Sale of goodwill after dissolution -22
CHAPTER VII
REGISTRATION OF FIRMS 56. Power to exempt from application of this Chapter 27 57. Appointment of Re^strars 58. Application for registration -j, 59. Registration 60. Recording of alterations in firm name and principal place of business 61. Noting of closing and opening of branches 62. Noting of changes in names and addresses of partners 63. Recor^ng of changes in and dissolution of a firm 64. Rectification of mistakes 65. Amendment of Register by order of Court 66. Inspection of Register and filed documents 67. Grant of copies
68. Rules of evidence 69. Effect of non-registration 70. Penalty for furnishing false particulars 71. Power to make rules
CHAPTER VIII
SUPPLEMENTAL
72. Mode of giving public notice 73. [Repealed] 74. Savings SCHEDULE I—Maximum Fees SCHEDULE II—[Repealed]
Model Specimens of Partnership and Dissolution Deed
349.54 / UNI/I