Indian Partnership Act Notes and Reading Materials

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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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For books on Indian Partnership Act, click here.

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 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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