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The Indian Partnership Act, 1932 governs the formation and regulation of partnerships in India, detailing the types of partnerships, rights and duties of partners, and the legal status of minors in partnerships. It emphasizes the essential elements of partnership, including mutual agency, profit sharing, and the requirement of a formal agreement. The act also outlines procedures for the admission, retirement, and expulsion of partners, as well as the implications of insolvency and death of partners on the p

Author

Abhishek Wasnik

Language

EN