The Indian Partnership Act `1932

An Act to define and amend the Law Relating to Partnership.
1932
List of Chapters & Sections
  1. All sections

  2. 1
     Short title, extent and commencement
  3. 2
     Definitions
  4. 3
     Application of provisions of Act 9 of 1872
  5. 4
     Definition of “partnership”, “partner”, “firm” and “firm name”
  6. 5
     Partnership not created by status
  7. 6
     Mode of determining existence of partnership
  8. 7
     Partnership at will
  9. 8
     Particular partnership
  10. 9
     General duties of partners
  11. 10
     Duty to indemnify for loss caused by fraud
  12. 11
     Determination of rights and duties of partners by contract between the partners
  13. 12
     The conduct of the business
  14. 13
     Mutual rights and liabilities
  15. 14
     The property of the firm
  16. 15
     Application of the property of the firm
  17. 16
     Personal profits earned by partners
  18. 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 ou
  19. 18
     Partner to be agent of the firm
  20. 19
     Implied authority of partner as agent of the firm
  21. 20
     Extension and restriction of partner’s implied authority
  22. 21
     Partner’s authority in an emergency
  23. 22
     Mode of doing act to bind firm
  24. 23
     Effect of admissions by a partner.
  25. 24
     Effect of notice to acting partner
  26. 25
     Liability of a partner for acts of the firm
  27. 26
     Liability of the firm for wrongful acts of a partner
  28. 27
     Liability of firm for misapplication by partners
  29. 28
     Holding out
  30. 29
     Rights of transferee of a partner ’s interest
  31. 30
     Minors admitted to the benefits of partnership
  32. 31
     Introduction of a partner
  33. 32
     Retirement of a partner
  34. 33
     Expulsion of a partner
  35. 34
     Insolvency of a partner
  36. 35
     Liability of estate of deceased partner
  37. 36
     Rights of outgoing partner to carry on competing business
  38. 37
     Right of outgoing partner in certain cases to share subsequent profits
  39. 38
     Revocation of continuing guarantee by change in firm
  40. 39
     Dissolution of a firm
  41. 40
     Dissolution by agreement
  42. 41
     Compulsory dissolution
  43. 42
     Dissolution on the happening of certain contingencies
  44. 43
     Dissolution by notice of partnership at will
  45. 44
     Dissolution by the Court
  46. 45
     Liability for acts of partners done after dissolution
  47. 46
     Right of partners to have business wound up after dissolution
  48. 47
     Continuing authority of partners for purposes of winding up
  49. 48
     Mode of settlement of accounts between partners
  50. 49
     Payment of firm debts and of separate debts
  51. 50
     Personal profits earned after dissolution
  52. 51
     Return of premium on premature dissolution
  53. 52
     Rights where partnership contract is rescinded for fraud or misrepresentation
  54. 53
     Right to restrain from use of firm name or firm property
  55. 54
     Agreements in restraint of trade
  56. 55
     Sale of goodwill after dissolution
  57. 56
     Power to exempt from application of this Chapter
  58. 57
     Appointment of Registrars
  59. 58
     Application for registration
  60. 59
     Registration
  61. 60
     Recording of alterations in firm name and principal place of business
  62. 61
     Noting of closing and opening of branches
  63. 62
     Noting of changes in names and addresses of partners
  64. 63
     Recording of changes in and dissolution of a firm
  65. 64
     Rectification of mistakes
  66. 65
     Amendment of Register by order of Court
  67. 66
     Inspection of Register and filed documents
  68. 67
     Grant of copies
  69. 68
     Rules of evidence
  70. 69
     Effect of non-registration
  71. 70
     Penalty for furnishing false particulars
  72. 71
     Power to make rules
  73. 72
     Mode of giving public notice
  74. 73
     [Repealed.]
  75. 74
     Savings