Section 5
Partnership not created by status.
The Indian Partnership Act, 1932
About this Act
An Act to define and amend the Law Relating to Partnership.
The relation of partnership arises from contract and not from
status;
and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.
and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.