Partnership is very comprehensively defined in the indian partnership act, 1932 the definition of the act runs as follows: advertisements: “partnership is the. With the rapid development of commerce and trade in india those provisions felt insufficient and therefore in 1932 the indian partnership act.
Section 4 of the indian partnership act, 1932 defines partnership as follows partnership is the relation between persons who have agreed to share the. 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. Indian partnership act 1932 sections (18-30) : relation of partners to third parties a group 3 initiative.
Prior to the passing of the indian partnership act, 1932, there was no provision for the registration of partnership firms in india as a result it was difficult for a third .Download