Act 9 of 1932

The Indian Partnership Act, 1932

An Act to define and amend the Law Relating to Partnership.

  • Ministry of Corporate Affairs
  • Enacted 1932-04-08
  • 74 sections
SectionTitle
1 Short title, extent and commencement.Read
2 Definitions.Read
3 Application of provisions of Act 9 of 1872.Read
4 Definition of “partnership”, “partner”, “firm” and “firm name”.Read
5 Partnership not created by status.Read
6 Mode of determining existence of partnership.Read
7 Partnership at will.Read
8 Particular partnership.Read
9 General duties of partners.Read
10 Duty to indemnify for loss caused by fraud.Read
11 Determination of rights and duties of partners by contract between the partners.Read
12 The conduct of the business.Read
13 Mutual rights and liabilities.Read
14 The property of the firm.Read
15 Application of the property of the firm.Read
16 Personal profits earned by partners.Read
17 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 outRead
18 Partner to be agent of the firm.Read
19 Implied authority of partner as agent of the firm.Read
20 Extension and restriction of partner’s implied authority.Read
21 Partner’s authority in an emergency.Read
22 Mode of doing act to bind firm.Read
23 Effect of admissions by a partner.,Read
24 Effect of notice to acting partner.Read
25 Liability of a partner for acts of the firm.Read
26 Liability of the firm for wrongful acts of a partner.Read
27 Liability of firm for misapplication by partners.Read
28 Holding out.Read
29 Rights of transferee of a partner ’s interest.Read
30 Minors admitted to the benefits of partnership.Read
31 Introduction of a partner.Read
32 Retirement of a partner.Read
33 Expulsion of a partner.Read
34 Insolvency of a partner.Read
35 Liability of estate of deceased partner.Read
36 Rights of outgoing partner to carry on competing business.Read
37 Right of outgoing partner in certain cases to share subsequent profits.Read
38 Revocation of continuing guarantee by change in firm.Read
39 Dissolution of a firm.Read
40 Dissolution by agreement.Read
41 Compulsory dissolution.Read
42 Dissolution on the happening of certain contingencies.Read
43 Dissolution by notice of partnership at will.Read
44 Dissolution by the Court.Read
45 Liability for acts of partners done after dissolution.Read
46 Right of partners to have business wound up after dissolution.Read
47 Continuing authority of partners for purposes of winding up.Read
48 Mode of settlement of accounts between partners.Read
49 Payment of firm debts and of separate debts.Read
50 Personal profits earned after dissolution.Read
51 Return of premium on premature dissolution.Read
52 Rights where partnership contract is rescinded for fraud or misrepresentation.Read
53 Right to restrain from use of firm name or firm property.Read
54 Agreements in restraint of trade.Read
55 Sale of goodwill after dissolution.Read
56 Power to exempt from application of this Chapter.Read
57 Appointment of Registrars.Read
58 Application for registration.Read
59 Registration.Read
60 Recording of alterations in firm name and principal place of business.Read
61 Noting of closing and opening of branches.Read
62 Noting of changes in names and addresses of partners.Read
63 Recording of changes in and dissolution of a firm.Read
64 Rectification of mistakes.Read
65 Amendment of Register by order of Court.Read
66 Inspection of Register and filed documents.Read
67 Grant of copies.Read
68 Rules of evidence.Read
69 Effect of non-registration.Read
70 Penalty for furnishing false particulars.Read
71 Power to make rules.Read
72 Mode of giving public notice.Read
73 [Repealed.].Read
74 Savings.Read
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