CONTENTS ee : Coarrent PRELIMINARY Ssecons Paes 1. Str tile, vet and commence 5 STATE AMENDMENTS . an Nae aa (en aman A - : ia ne Ai le 8 Pty nena 3 2. aliens nnn _ 8 STATE AMENDMENTS Mi en — — 8 3. Appin of provisions OF AGI OE 1872 nnn 9 Caarren it ‘DE NATURE OF PARTNERSHIP Defsiton of paren “pre” ira" and frm ame” 9 5 Pacasreip not reat by sas seem 10 i ‘UAT AMENDMENTS en Dat Din — = » 6. Mode of demining exec Of BETH onnnvens Paros twill n 8 Paco thi " 1 Caen at RELATION OF PARTNERS TO ONE ANOTHER 9, Genera dues of pete u STATE AMENDMENTS Matin a 10, Duy inky foros eased by fraud 2 ” Denso! ni pty ee Ihe PARES nse /2 12 The cord ofthe bins === 2 STS1 AMENDMENTS hentia — eB 15. Mutual ight sd ible ms 14, The popey ofthe fi nnn B wn Recs cede! OECTA 2 Pa iS new 6, 16. 1) ® © SRRSRRERRSB aL 22. SREEB 38 Brey PasINERStHP ACT, 1932 Application ofthe propery of the fim so Personal profs earet Dy PARE - igh and dais of partes after change inte Aer the expiry of the term of theft nnn ‘And where additonal undertakings te cai OU ..een Cuaerer Iv [RELATIONS OF PARTNERS TO THIRD PARTIES aster tobe agent of the FM nen imped authority ofthe pater as agent of the fm Extension and rextriction of partners implied authority Parner’ authority ia an emerpency “Mode of doing acto bind fir. Effet of admissions by a partner Effect of notice to acing partner Lisiliy of a partner for acts ofthe firm Liabitiy ofthe fm for wrong acts of & AFI nm Liability of fem for misapplication by partners Halding 1 = ight of tance of prters inet = Minos admived tothe Benefits of pater on cuaeree V INCOMING AND OUTGOING PARTNERS Tnvroduction of partner Retiement of & parer nn Expulsion of a parner Insolvency ofa partner Liability of esa of econ pares os igh of etgsng pref ery on comping business Right of outgoing pate in cern css to sae subequne ris. ~ Revocaon of contaciog puaranee by change in fm Curren VI DISSOLUTION OF A FIRM. Dison of fim - 4 Dissolution by agreement bn Compulsory disoltion een issln nthe bappenig of ean comngenis Pages 4 4 5 1s 5 15 5 6 16 6 16 16 w "7 ” 18 18 a 2 2 2PARTVERSHP ACT, 1932 v Sections Pages 43,_ Dissolution by notice of partnership a Wil neuen 2 44. Dissolution by the Couto ve B 45. Lah for ef pate tear GSSM00 ens 24 46. Right of puters to hve business wound up ater dissolution. 28 47. Coutouing ahorty of partners fr purposes of winding up Pa 48. Modo of sotlement of accounts between partner * 49, Payment of frm debts and of sepuate debts 25 50. Personal profits cared after dissolution . vennnen 2. ‘51, Retur of premium on premature dissolution. 2 52. Rights where partnership contact is rescinded for fraud or imiseprecentation = ven 2S 53, Right to resin om ase OF fim ae BE POPE ene 26 54. Agreements in restraint of 86 na — 6 55. Sale of goodwill afer GiS0100 nna 26 Rights of buyer and seller of goodwill. 6 Agreement in restraint of trade 7 %6 cnarrer VIL REGISTRATION OF FIRMS 156. Power to exempt fom application ofthe Chaplet 27 57. Appointment of Registrars com ‘STATE AMENDMENTS Mati n oe Pet 28 58. Application for regstton 28 ‘STATE AMENDMENTS ox, Daa nd Di non 2 Mh 2» Pier 2» yt 30 “an Na cane 30 anata - = 30 59. Registration _ 3 STATE. AMENDMENTS Na ne cht lft mee Sete A, St and 8 oy iin Pe on +34 venta eel Mays Pe — 2 Saab i 3Pus ncn STATE AMENDMENTS Mae, eee 161. Noting of closing and opening of branches ‘STATE AMENDMENTS 62. Noting of changes in names and address of partners [STATE AMENDMENTS Maan —— 653. Recording of changes in and dissolution of frm Recording of withdrawal of « minor 7 STATE AMENDMENTS Maan Rectification of mistakes Amendment of registrar by Order Of COU sono no potion of register and led documeN sens Gera oF C098 nnn SATE AMENDMENTS a (68. Rules of evidence ‘STATE AMENDMENTS gRag 70. Penalty for furnishing fae particulars. ‘STATE AMENDBENTS strat Set 74 ‘TL. Power to make rules see 37 37 3 37 37 38 4“ 2 aPassi ACT, 1982 vu. Sections Pages STATE AMENDMENTS odin Pale — “8 Manta = a (Charre VIE SUPPLEMENTAL, 7. Mode of giving public notice ee “ TB. Repeals (Repeat nn = “ “4 4s 45 4“ 46 46 46 Po a 8 0 apn aaa 0 ‘en Ne e eg Pde 50 ScuEDULE I (Repealed.The Partnership Act, 1932 List of Amending Acts and Adaptation Orders 1 2 3 ‘ Repealing and Amending Act, 1934 (24 of 1934) Government of Iadia (Adaptation of Indian Laws) Onder, 1937 Repealing Act, 1938 Indian Independence (Adaptation of Cental Acts and Ordinances) Order, 1948, Adsptation of Laws Order, 1950 Pare B States (Laws) Act, 1951 (3 of 1951) Delegated Legislative Provisions (Amendment) Act, 1983 (20 of 1983), Insolvency and Bankroprey Code, 2016 (31 of 2016) Jammu and Kashmir Reorganisation Act, 2019 (34 of 2019) iimThe Partnership Act, 1932' [et 9 of 1932) [sth aprit, 1932) An Act to define and amend the aw relating to partnership ‘Whereas it is expedient to define and amend the law relating to partoership; iishereby enacted as follows: ‘Staten Objects and Reson "Te Bilis asset epee Rept oe Ss ‘Contes i on™ Suro oF muSecConoares “Lhe cannon he Canine mas ‘he onante Siete Lal Mt Bart Lak ester te Com fie Ger enters (1) Si Dima Fart Maa KC1E,MA LL, Adv Roy. 2) Me Alla Keiimevam: Ay, Aves Genel Ma. (6) Me Aurtggn MA, Barat iw, Cnet Xi Rago Me DO. Miche CLE, TCS. Ofcinng Serer tthe Gernot of In, Lepatne Deparment sted Be met of he Cris ard Mi A De. Wiliams LC. Dopey Sec Inthe sne epimers Sect be Coat, 2 Tengyeoewsf anes meni eee Commi fe mtn so te a itacent Now Deion it Neeser 990 he fir sting ws el etc ‘elton day ual Monin. e BI fn nd ee! te we ag pei, ih neti oe en va rvs whch ad ead ea see! ne eh egret scl be a ome ef a dics S. inp Se Rep oft pel Conte nthe Sle of Go BL whith meat “6 te Stiemnt ef Opec and Ree ts Bl, waa When Si nes Spon ove Be Inn Conti i ited it an sl eprint, scope Code apon eto wich eee He beer cei ‘edhe yeas wild be ey tenement capes estes nc ei ocx whch he Bl cl enc Ts ap as ron a Yn te Tas Propet At he Neo name At she Mca! Spang Ae op a via eStore proc ar Sint f On nd Rens li Repro Spc Commie, Gants oI, TBS1 Pe Wop fr pro Seen su 13 Pp ‘ition ppd Barry te Ber av Ac 4 he Toy At fabs ne Du nd a ve Reena 1983. 2and See Lad? of oon egy. 1 of 88,8 Sand Sh sao Lc May a An ‘my eget es San Sc cig ets ato pet ere ci nN, ie 34 Thu he hs ten aed in is glenn w Mas by Matas Adapainof ans (Ca ‘Acs Ox 150 by Nar At 1988 a2 PARTNERSHIP ACT, 1932 Son ‘ld coed ty enbhng tient abs fh aig encase sel ovine cea: ad ws Roe th the Bit wich we ath our pet my epee ewan cy ne sd mayo he i ed compe he tk wich we toe ‘skins oe” Redes iste he copending gh Ac he Pan At 890 3 a ‘it 39). The ew sing prepa ret coed in Capt Xt nan Cera {872 when aston sad in te Rp Ind Command eet ‘ert Romiy e188 Tees mtn on gi pce Te manoj ev re ‘nr fi ane Spe ho pt he ae Cnt Bil cho Come ca strain ody nw be Gover he ory v0 pve at be easly sadenaue tok Engi an ian Goverment sane wit case lp em be Eps ee Lise Mos hein vw he Slt Come eae Inna Cnet Bl ine Rap ee 2a ebay IS, tix ay ingore mie resie opamp were eh mies ts Cer HL lng ‘ts oie he deem owe nda hat shown fre mat oo we gees oe pid. bro fea etre te poe Cortsa el at oe a ‘te inns Cmte ctr tan an ero seg es te agian pd to umentip th ose mh be same aa ea oe ot ps al cree ra Sst Commits ont Sa of God Bil i pragrap Go therKapert ybe eea incogeny We psd Soe receded nen Conn At pe ‘dad boneve fio and ite hy yh afr i ede wh ey wae ead ‘met 1972 epg fine ns revere wich hs cone inode hep beware te Soropmetf oten ae lne| 4 The Special Comite showed that the Fag Se f Coos ws “ey sce and ‘onsale is rch feel” dt ta been ade eB scion ad may of be Unie Sof Ans, wih ny ah sal iso ue od seca alot ovis ol eunstanes Th Sol Cone, ere topes Gonis A 193 hese fe indan Sf Gre Bad mote nly te at Ye gh Prep At 190 ates he compar wi an cota Slo ood A193 Theat somaas es top ety ake sh Daman oC aad to fmt asf uniom Paesip wich tient Ue Sno tan Teac itor canpsvon withthe Sle of Goo At an tae an ben ae agen eee ‘toed toe cen Wi ders erage Sir Corer Tet hace "Beir shows tse Patan pase gaa ly fel ee Ble ‘cng Ae he Sil of Goats Ac Lagi nthe pr fe uh enc ay oer ee a Ps weld roa be heb de Ong mth Ke and sas ‘semi in conmrclaon hrupow e Empestisnving sara bled eae" dete cee ie Comme Lan a ef oat Compan Leys ‘Tec Faoetip Act 1890, a ee some sp fu lems, spear ‘scold asare Cole embesing tlt hv apa len pi tee {tho ion of Lie on Puteri lhe "ha te mat teins ote, vs signed eae ype thr a er propensity ceed {The Prep 190 howe, Bs ate ith cel peo aeons oe agi Sof Gods A 19% adhe econ. Te fal ome of eg ee Lay ‘ren ovens: