In India Partnership is one of the most practiced forms of business organization. So to control such partnerships the Indian Partnership Act was enacted on the 1st October 1932. The Act is not exhaustive, and when it does not specifically make provisions the general Contract Act will apply. Let us learn the essentials of this Partnership Act.
- True Test of Partnership
- Elements of a Partnership
- Kinds of Partnerships
- Types of Partners
- Relation of Partners to One Another
- Relation of Partners to Third Parties
- Partnership Property
- Minors admitted to Benefits of partnership
- Rights of Outgoing Partner
- Legal Consequences of Admission or Retirement of a Partner
- Consequences of Non-Registration of Firm
- Dissolution of a Firm
- Consequences of Dissolution of a Firm