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.
- Elements of a Partnership
- True Test of a Partnership
- Partnership Deed
- Partnership Property
- Types of Partners
- Minor admitted to Partnership
- Relations of Partners to One Another
- Relations of Partners to Third Party
- Dissolution of a Partnership
- Dissolution of a Partnership by Court Order
- Effect of Dissolution
- Goodwill of a firm
- LLP
- LLP Agreements