According to section 4 of the partnership act of 1932,partnership is defined as the relation between two or more persons who have agreed. The law of partnership is contained in the indian partnership act, 1932, which came into force on 1st oct, 1932this is based on the english law on the subject . The indian partnership act, 1932 emblem of indiasvg an act to define and amend the law relating to partnership citation, z no 9 of 1932 enacted by.
The indian partnership act, 1932 provides for the registration, but this is not compulsory a partnership firm can be registered at any time at the. Section 4 of the indian partnership act, 1932 defines partnership as follows partnership is the relation between persons who have agreed to share the.
A partnership firm is said to be dissolved when all the partners terminate their connections with definition as per indian partnership act, 1932.
Partnership is very comprehensively defined in the indian partnership act, 1932 the definition of the act runs as follows: advertisements:.