⚖️
ACT NO. IX OF 1932Year 19328th April, 1932

The Partnership Act,

8Chapters
81Sections
✦
I
Chapter I

PRELIMINARY

3
✪1
Short title, extent and commencement
✪2
Definitions
✪3
Application of provisions of Act IX of 1872
II
Chapter II

THE NATURE OF PARTNERSHIP

5
✪4
Definition of "partnership", "partner", "firm" and "firm name"
✪5
Partnership not created by status
✪6
Mode of determining existence of partnership
✪7
Partnership at will
✪8
Particular partnership
III
Chapter III

RELATIONS OF PARTNERS TO ONE ANOTHER

12
✪9
General duties of partners
✪10
Duty to indemnify for loss caused by fraud
✪11
Determination of rights and duties of partners by contract between the partners
✪12
Agreements in restraint of trade
✪12
The conduct of the business
✪13
Mutual rights and liabilities
✪14
The property of the firm
✪15
Application of the property of the firm
✪16
Personal profits earned by partners
✪17
Rights and duties of partners after a change in the firm,
✪19
after the expiry of the term of the firm, and
✪20
where additional undertakings are carried out
IV
Chapter IV

RELATIONS OF PARTNERS TO THIRD PARTIES

13
✪18
Partner to be agent of the firm
✪19
Implied authority of partner as agent of the firm
✪20
Extension and restriction of partner's implied authority
✪21
Partner's authority in an emergency
✪22
Mode of doing act to bind firm
✪23
Effect of admissions by a partner
✪24
Effect of notice to acting partner
✪25
Liability of a partner for acts of the firm
✪26
Liability of the firm for wrongful acts of a partner
✪27
Liability of firm for misapplication by partners
✪28
Holding out
✪29
Rights of transferee of a partner's interest
✪30
Minors admitted to the benefits of partnership
V
Chapter V

INCOMING AND OUTGOING PARTNERS

9
✪31
Introduction of a partner
✪32
Retirement of a partner
✪33
Expulsion of a partner
✪34
Insolvency of a partner
✪35
Liability of estate of deceased partner
✪36
Rights of outgoing partner to carry on competing business
✪40
Agreements in restraint of trade
✪37
Right of outgoing partner in certain cases to share subsequent profits
✪38
Revocation of continuing guarantee by change in firm
VI
Chapter VI

DISSOLUTION OF A FIRM

19
✪39
Dissolution of a firm
✪40
Dissolution by agreement
✪41
Compulsory dissolution
✪42
Dissolution on the happening of certain contingencies
✪43
Dissolution by notice of partnership at will
✪44
Dissolution by the Court
✪45
Liability for acts of partners done after dissolution
✪46
Right of partners to have business wound up after dissolution
✪47
Continuing authority of partners for purposes of winding up
✪48
Mode of settlement of accounts between partners
✪49
Payment of firm debts and of separate debts
✪50
Personal profits earned after dissolution
✪51
Return of premium on premature dissolution
✪52
Rights where partnership contract is rescinded for fraud or misrepresentation
✪53
Rights to restrain from use of firm name or firm property
✪54
Agreements in restraint of trade
✪55
Sale of goodwill after dissolution
✪60
Rights of buyer and seller of goodwill
✪61
Agreements in restraint of trade
VII
Chapter VII

REGISTRATION OF FIRMS

17
✪56
[Omitted]
✪57
Appointment of Registrars
✪58
Application for registration
✪59
Registration
✪60
Recording or alterations in firm name and principal place of business
✪61
Noting of closing and opening of branches
✪62
Noting of changes in names and addresses of partners
✪63
Recording of changes in and dissolution of a firm
✪70
Recording of withdrawal of a minor
✪64
Rectification of mistakes
✪65
Amendment of Register by order of Court
✪66
Inspection of Register and filed documents
✪67
Grant of copies
✪68
Rules of evidence
✪69
Effect of non-registration
✪70
Penalty for furnishing false particulars
✪71
Power to make rules
VIII
Chapter VIII

SUPPLEMENTAL

3
✪72
Mode of giving public notice
✪73
[Repealed]
✪74
Savings