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Indian Partnership Act, 1932

Indian Partnership Act, 1932

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Published by Nirmal

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Published by: Nirmal on Oct 28, 2009
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08/05/2013

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THE INDIAN PARTNERSHIP
 
ACT 1932.CONTENTS
 
CHAPTER- IPRELIMINARY
Sections Pages1. Short title, extent and commencement 12. Definitions 13 Application of provisions of Act 9 of 1872 1
CHAPTER - IITHE NATURE OF PARTNERSHIP
 4. Definition of " Partnership", "Partner", "Firm" and "firmname".. 15. Partnership not created by status 16. Mode of determining existence of partnership 27. Partnership at will 28. Particular partnership 2
CHAPTER - IIIRELATIONS OF PARTNERS TO ONE ANOTHER
9. General duties of partners 210. Duty to indemnify for loss caused by fraud 211. Determination of rights and duties of partners bycontract between the partners. 212. The conduct of the business 313. Mutual rights and liabilities 314. The property of the firm. 3.15. Application of the property of the firm 3.16. Personal profits named by partners 417. Rights and duties of partners 4
CHAPTER - IVRELATION OF PARTNERS TO THIRD PARTIES18.
Partners to be agent of the firms 419. Implied authority of partner as agent of the firm 4
 
 
ii The Indian Partnership Act, 1932 Contents_ 20. Extension and restriction of partner's implied 5authority.21. Partner's authority in an emergency 522. Mode of doing act to bind firm 523. Effect of admissions by a partner 524 Effect of notice to acting partner 525. Liability of a partner for acts of the firm 526. Liability of the firm for wrongful acts of a partner. 527. Liability of firm for misapplication by partners 528. Holding out 529. Rights of transferee of a partner's interest 530. Minors admitted to the benefits of partnership.
CHAPTER - VINCOMING AND OUTGOING PARTNERS.
31. Introduction of a partner 732. Retirement of a partner 733. Expulsion of a partner 734. Insolvency a partner 735. Liability of estate of deceased partner 836. Rights of outgoing partner to carry on competing business 837. Right of outgoing partner in certain cases to sharesubsequent profits 838. Revocation of continuing guarantee by change in firm 8
CHAPTER -VIDISSOLUTIONOF A FIRM
39. Dissolution of firm 840 Dissolution by agreement 841. Compulsory dissolution 842. Dissolution on the happening of certain contingencies 943. Dissolution by notice of partnership at will 944. Dissolution by the45. Liability for acts of partners done after dissolution 1046. Right of partners to have business wound up after 10dissolution.47. Continuing authority of partners for purposes of winding up 1048. Mode of settlement of accounts between partners 1049. Payment of firm debts and of separate debts. 1150. Personal profits earned after dissolution 11
 
 iii The Indian Partnership Act, 1932 Contents_ 51. Return of premium on premature dissolution 1152. Rights where partnership contract is rescinded for fraudor misrepresentation 1153. Rights to restrain from use of firm name or firm property 1154. Agreements in restraint of trade 1255. Sale of good will after dissolution 12
CHAPTER - VIIREGISTRATION OF FIRMS
56. Power to exempt from application of this Chapter 1257. Appointment of Registrar 12.58. Application of registration 1259. Registration 1360. Recording of alterations in firm name and principal 13place of business.61. Noting of closing and opening of branches 1362. Noting of changes in names and addresses of partners 1363. Recording of changes in and dissolution of a firm 1364. Rectification of mistakes 1465. Amendment of Register by order of court 1466. Inspection of Register and filed documents 1467. Grant of copies 1468. Rules of evidence 1469. Effect of non- registration 1470. Penalty for furnishing of false particulars 1571. Power to make rules 15
CHAPTER - VIIISUPPLEMENTAL
 72. Mode of giving public notice 1673. [Repeals] 1674. Saving 16***********

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