Indian Partnership Act, 1932

Section - 2 - Definitions

Definitions

2. In this Act, unless there is anything repugnant in the subject or context,-

(a) - an "act of a firm" means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;
(b) - "business" includes every trade, occupation and profession;
(c) - "prescribed" means prescribed by rules made under this Act;
(d) - "third party" used in relation to a firm or to a partner therein means any person who is not a partner in the firm; and
(e) - expressions used but not defined in this Act and defined in the Indian .... To read the full section download the app from Google Play store
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