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This article provides Indian Partnership Act notes with case laws. As a learner, you can consider the notes as a free, online, and self-placed 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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Partnership and the Nature of Partnership under the Indian Partnership Act (Click Here)
- Definition of” Partnership”, “Partner”, “Firm” arid “firm name”.
- Partnership not created by status
- Mode of determining existence of partnership
- Partnership at will
- Particular partnership
Rights and Duties of Partners under Indian Partnership Act (Click Here)
- 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
Relation of Partners under Partnership Act to Third Parties (Click Here)
- 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.
Incoming and Outgoing Partners under Indian Partnership Act (Click Here)
- 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
Dissolution of a Partnership Firm (Click Here)
- 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
Registration of Partnership Firm in India and Effect of Non-registration of Partnership Firm (Click Here)
And Procedure for Registration of Firms under Partnership Act (Click Here)
- 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
For Notes On Other Subjects, Click Here.
For Case Briefs And Analysis, Click Here.
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