Indian Partnership Act 1932

E948542

The Indian Partnership Act 1932 is a key commercial law in India that defines and regulates the formation, rights, duties, and dissolution of partnerships engaged in business.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Act of Parliament of India ⓘ
Indian statute ⓘ
business law ⓘ
commercial law ⓘ
appliesTo partnerships formed for profit ⓘ
basisOfLiability joint and several liability of partners ⓘ
citationStyle Indian Partnership Act, 1932 ⓘ
country India ⓘ
defines firm ⓘ
firm name ⓘ
partner ⓘ
partnership ⓘ
doesNotApplyTo Hindu Undivided Family carrying on family business ⓘ
association not formed for profit (to the extent governed by other laws) ⓘ
extendsTo whole of India except the State of Jammu and Kashmir (originally) ⓘ
fieldOfLaw business and commercial law in India ⓘ
governs partnership firms in India ⓘ
influencedBy English law of partnership ⓘ
keySection Section 13 (mutual rights and liabilities) ⓘ
Section 25 (liability of a partner for acts of the firm) ⓘ
Section 32 (retirement of a partner) ⓘ
Section 39 (dissolution of a firm) ⓘ
Section 4 (definition of partnership) ⓘ
Section 42 (dissolution on the happening of certain contingencies) ⓘ
Section 44 (dissolution by the court) ⓘ
Section 6 (mode of determining existence of partnership) ⓘ
Section 69 (effect of non‑registration) ⓘ
Section 9 (general duties of partners) ⓘ
legalConcept partnership based on contract ⓘ
legalSystem common law ⓘ
legislature Imperial Legislative Council ⓘ
providesFor dissolution of firms ⓘ
liability of partners after dissolution ⓘ
registration of partnership firms ⓘ
settlement of accounts after dissolution ⓘ
regulates conduct of business of the firm ⓘ
relations of partners to one another ⓘ
relations of partners to third parties ⓘ
replaced provisions relating to partnership in the Indian Contract Act, 1872 ⓘ
requires agreement between persons to form partnership ⓘ
shortTitle Indian Partnership Act, 1932 ⓘ
subjectMatter dissolution of partnership ⓘ
duties of partners ⓘ
formation of partnerships ⓘ
liabilities of partners ⓘ
partnerships ⓘ
registration of firms ⓘ
rights of partners ⓘ
yearOfEnactment 1932 ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Indian Contract Act 1872 → relatedLegislation → Indian Partnership Act 1932 ⓘ
Indian Partnership Act 1932 → shortTitle → Indian Partnership Act, 1932 ⓘ
linked to: Indian Partnership Act 1932
Indian Partnership Act 1932 → citationStyle → Indian Partnership Act, 1932 ⓘ
linked to: Indian Partnership Act 1932