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Indian Partnership Act, 1932 Section 14

Title : The Property of the Firm

State : Central

Year : 1932

subject to contract between the partners, the property of the firm includes all property and rights and interests in property originally brought into the stock of the firm, or acquired, by purchase or otherwise, by or for the firm, or for the purposes and .....

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Indian Partnership Act, 1932 Section 15

Title : Application of the Property of the Firm

State : Central

Year : 1932

subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.

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Indian Partnership Act, 1932 Section 16

Title : Personal Profits Extended by Partners

State : Central

Year : 1932

subject to contract between the partners, (a) if a partner derives any profit for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm name, he shall account for that profit and pay it to .....

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Indian Partnership Act, 1932 Section 23

Title : Effect of Admissions by a Partner

State : Central

Year : 1932

an admission or representation made by a partner concerning the affairs of the firm is evidence against the firm, if it is made in the ordinary course of business.

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Indian Partnership Act, 1932 Section 29

Title : Rights of Transferee or a Partners Interest

State : Central

Year : 1932

(1) a transfer by a partner of his interest in the firm, either absolute or by mortgage, or by the creation by him of a charge on such interest, does not entitle the transferee, during the continuance of the firm, to interfere in the conduct of the .....

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Indian Partnership Act, 1932 Section 33

Title : Expulsion of a Partner

State : Central

Year : 1932

(1) a partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith of powers conferred by contract between the partners. (2) the provisions of sub-sections (2), (3) and (4) of section 32 shall apply to an .....

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Indian Partnership Act, 1932 Section 38

Title : Revocation of Continuing Guarantee by Change in Firm

State : Central

Year : 1932

a continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.

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Indian Partnership Act, 1932 Section 40

Title : Dissolution by Agreement

State : Central

Year : 1932

a firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

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Indian Partnership Act, 1932 Section 42

Title : Dissolution on the Happening of Certain Contingencies

State : Central

Year : 1932

subject to contract between the partners a firm is dissolved, (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner .....

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Indian Partnership Act, 1932 Section 46

Title : Right of Partners to Have Business Wound Up After Dissolution

State : Central

Year : 1932

on the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus .....

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