Section List

Act Number: 9

Act Name: The Indian Partnership Act, 1932

Year: 1932

Enactment Date: 1932-04-08

Long Title: An Act to define and amend the Law Relating to Partnership.

Ministry: Ministry of Corporate Affairs

Department:

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52Rights where partnership contract is rescinded for fraud or misrepresentation.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