Indian partnership act 1932
Rafika Shaikh (1 Points)
17 November 2020Rafika Shaikh (1 Points)
17 November 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 18 November 2020
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 18 November 2020
Shivam RC
(Student)
(23683 Points)
Replied 18 November 2020
Govind Srivastav
(30 Points)
Replied 14 December 2020
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 08 September 2021
Indian Partnership Act, 1932 defines Partnership in the following terms: “ Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
The Indian partnership act of 1932 provides for a general form of partnership which is the most prevalent form in India, but, over time the general form of partnership has lost its charm because of the inherent disadvantages in it, the most important is the unlimited liability of all partners for business debts
four types of partnerships.