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In force

The Indian Partnership Act, 1932

75 sections · As amended up to 2026-08

Sections

  1. 0Section 0
  2. VIII — SUPPLEMENTAL
  3. 1Statement under Section 58 Hundred Rupees 2. Statement Under Section 60 Thirty Rupees 3. Intimation
  4. I — PRELIMINARY
  5. 2Definitions
  6. 3Application of provisions of Act 9 of 1872
  7. II — THE NATURE OF PARTNERSHIP
  8. 4Definition of "partnership", "partner", "firm" and "firm name"
  9. 5Partnership not created by status
  10. 6Mode of determining existence of partnership
  11. 7Partnership at will
  12. VIII — SUPPLEMENTAL
  13. 8Inspection of documents relating to a firm Twenty Rupees for inspection of all under sub-section (2) of Section 66 documents relating to one firm
  14. III — RELATIONS OF PARTNERS TO ONE ANOTHER
  15. 9General duties of partners
  16. 10Duty to indemnify for loss caused by fraud
  17. 11Determination of rights and duties of partners by contract between the partners. Agreements in restr
  18. 12The conduct of the business
  19. 13Mutual rights, and liabilities
  20. 14The property of the firm
  21. 15Application of the property of the firm
  22. 16Personal profits earned by partners
  23. 17Rights and duties of partners—after a change in the firm, after the expiry of the term of the firm, and—where additional undertakings are carried out
  24. IV — RELATIONS OF PARTNERS TO THIRD PARTIES
  25. 18Partner to be agent of the firm
  26. 19Implied authority of partner as agent of the firm
  27. 20Extension and restriction of partner's implied authority
  28. 21Partner's authority in an emergency
  29. 22Mode of doing act to bind firm
  30. 23Effect of admissions by a partner
  31. 24Effect of notice to acting partner
  32. 25Liability of a partner for acts of the firm
  33. 26Liability of the firm for wrongful acts of a partner
  34. 27Liability of firm for misapplication by partners
  35. 28Holding out
  36. 29Rights of transferee of a partner's interest
  37. 30Minors admitted to the benefits of partnership
  38. V — INCOMING AND OUTGOING PARTNERS
  39. 31Introduction of a partner
  40. 32Retirement of a partner
  41. 33Expulsion of a partner
  42. 34Insolvency of a partner
  43. 35Liability of estate of deceased partner
  44. 36Rights of outgoing partner to carry on competing business. Agreements in restraint of trade
  45. 37Right of outgoing partner in certain cases to share subsequent profits
  46. 38Revocation of continuing guarantee by change in firm
  47. VI — DISSOLUTION OF A FIRM
  48. 39Dissolution of a firm
  49. 40Dissolution by agreement
  50. 41Compulsory dissolution
  51. 42Dissolution on the happening of certain contingencies
  52. 43Dissolution by notice of partnership at will
  53. 44Dissolution by the Court
  54. 45Liability for acts of partners done after dissolution
  55. 46Right of partners to have business wound up after dissolution
  56. 47Continuing authority of partners for purposes of winding up
  57. 48Mode of settlement of accounts between partners
  58. 49Payment of firm debts and of separate debts
  59. 50Personal profits earned after dissolution
  60. 51Return of premium on premature dissolution
  61. 52Rights where partnership contract is rescinded for fraud or misrepresentation
  62. 53Right to restrain from use of firm name or firm property
  63. 54Agreements in restraint of trade
  64. 55Sale of goodwill after dissolution. Rights of buyer and seller of goodwill. Agreements in restraint
  65. VII — REGISTRATION OF FIRMS
  66. 56Power to exempt from application of this Chapter
  67. 57Appointment of Registrars
  68. 58Application for registration
  69. 59Registration
  70. 60Recording of alterations in firm name and principal place of business
  71. 61Noting of closing and opening of branches
  72. 62Noting of changes in names and addresses of partners
  73. 63Recording of changes in and dissolution of a firm. Recording of withdrawal of a minor
  74. 64Rectification of mistakes
  75. 65Amendment of Register by order of Court
  76. 66Inspection of Register and filed documents
  77. 67Grant of copies
  78. 68Rules of Evidence
  79. 69Effect of non-registration
  80. 69APenalty for contravention of sections 60, 61, 62 or 63
  81. 70Penalty for furnishing false particulars
  82. 70AMaximum fees and power to amend Schedule I
  83. 71Power to make roles
  84. VIII — SUPPLEMENTAL
  85. 74Savings