Indian Partnership Act: Section 9 & 20-29
In this article, we will discuss various topics of partnership under section 9 and section 20 to section 29 of the Indian Partnership Act, 1930.
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indian partnership act
Partnership: Liability to third parties
In this article, we will discuss the liability of a partners to third parties. In our previous articles, we have already discussed the basics of partnership, minor’s position in partnership, and the rights and duties of partners. What are the related provisions? This part is covered in CHAPTER IV under section 25 to 27 of the Indian Partnership
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Rights and Duties of Partners in Partnership
In our previous blogs, we have discussed the basics of Partnership form of business, Minor’s rights, and liabilities. Here, we shall discuss the rights and duties of partners in a partnership. Mutual rights and duties of partners The mutual relations of the partners of the firm came into existence by an agreement between the partners
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Rights and Liabilities of a Minor in Partnership
We’ve already discussed the basics of partnership. Now, we shall discuss the topic Position of a Minor in Partnership. Before we do that we have to understand some basic definitions: Who is a minor? The Indian Majority Act, 1875 specifies the age of majority in India i.e 18 years. Even a person short of a
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