Indian Partnership Act Notes and Reading Materials

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This article provides Indian Partnership Act notes with case lawsAs a learner, you can consider the notes as a free, online, and self-paced course. As a competitive exams aspirant, you will find it perfect for Judicial Service Exams, UPSC CSE Law Optional, etc. And as a reader, this article on Indian Partnership Act notes is sufficient for you to learn or research on Partnership Act!

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For books on Indian Partnership Act, click here.

TopicLink To Notes
Partnership and the Nature of Partnership under the Indian Partnership Act
– Definition of” Partnership”, “Partner”, “Firm” arid “firm name”.
– Partnership not created by status
– Mode of determining existence of partnership
– Partnership at will
– Particular partnership
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Rights and Duties of Partners under the Indian Partnership Act
– General duties of partners
– Duty to indemnify for loss caused by fraud
– Determination of rights and duties of partners by contract between the partners
– The conduct of the business
– Mutual rights and liabilities
– The property of the firm.
– Application of the property of the firm
– Personal profits named by partners
– Rights and duties of partners
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Relation of Partners to Third Parties under Partnership Act
– Partners to be agent of the
– Implied authority of partner as agent of the firm
– Extension and restriction of partner’s implied  authority
– Partner’s authority in an emergency
– Mode of doing act to bind firm
– Effect of admissions by a partner
– Effect of notice to acting partner
– Liability of a partner for acts of the firm
– Liability of the firm for wrongful acts of a partner
– Liability of firm for misapplication by partners Holding out
– Rights of transferee of a partner’s interest
– Minors admitted to the benefits of partnership.
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Incoming and Outgoing Partners under Indian Partnership Act
– Introduction of a partner
– Retirement ota partner
– Expulsion of a partner
– Insolvency a partner
– Liability of estate of deceased partner
– Rights of outgoing partner to carry on competing business
– Right of outgoing partner in certain cases to share subsequent profits
– Revocation of continuing guarantee by change in firm
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Outgoing Partners in IndiaView Here
Dissolution of a Partnership Firm and Consequences of Dissolution
– Dissolution of firm
– Dissolution by agreement
– Compulsory dissolution
– Dissolution on the happening of certain contingencies
– Dissolution by notice of partnership at will
– Dissolution by the Liability for acts of partners done after dissolution
– Right of partners to have business wound up after dissolution.
– Continuing authority of partners for purposes of winding up
– Mode of settlement of accounts between partners
– Payment of firm debts and of separate debts
– Personal profits earned after dissolution
– Return of premium on premature dissolution
– Rights where partnership contract is rescinded for fraud or misrepresentation
– Rights to restrain from use of firm name or firm property
– Agreements in restraint of trade
– Sale of good will after dissolution
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Registration of Partnership Firm in India and Effect of Non-registration of Partnership Firm
– Power to exempt from application of this Chapter
– Appointment of Registrar
– Application of registration
– Registration
– Recording of alterations in firm name and principal place of business
– Noting of closing and’opening of branches
– Noting of changes in names and addresses of partners
– Recording of changes in and dissolution of a firm
– Rectification of mistakes
– Amendment of Register by order of court
– Inspection of Register and filed documents
– Grant of copies
– Rules of evidence
– Effect of non- registration
– Penalty for furnishing of false particulars
– Power to make rules
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Requirements and Procedure for Registration of Partnership Firms under Partnership ActView Here

For books on Indian Partnership Act, click here.

For Notes On Other Subjects, Click Here.

For Case Briefs And Analysis, Click Here.


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