The Indian Partnership Act, 1932

§2 — Definitions

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 Contract Act, 1872 (9 of 1872), shall have the meanings assigned to them in that Act.

State amendments

This section has been amended in its application to Maharashtra. The text above is the central provision and is what applies everywhere else — these amendments are law only in the State that made them.

Maharashtra[Vide Maharashtra Act 29 of 1984, s. 2]Read →Hide
Maharashtra Amendment of section 2 of Act IX of 1932.—In section 2 of the Indian Partnership Act, 1932 (IX of 1932), in its application to the State of Maharashtra (hereinafter referred to as “the principal Act”), after clause (c), the following clause shall be inserted, namely :— “(c-1) “Registrar” means the Registrar of Firms appointed under sub-section (1) of section 57 and includes the Deputy Registrar of Firms and Assistant Registrar of Firms appointed under sub-section (2) of that section;”

Reproduced from the same official PDF as the section above, as the amending Act words it — not a consolidated State version of the section. Check the source before relying on it.

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Source & version

Official text: India Code (official) ↗

Official India Code text: The Indian Partnership Act, 1932, English PDF (bitstream 123456789/2394/1/aA1932-9.pdf, 425,539 bytes, sha256 6fa1e7859290a72c...) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-08-03. Extracted via pdftotext 26.07 -bbox and the @nexlex/ingest inline parser. Automated parse; footnotes and amendment history excluded. Spot-verified against the PDF; full clause-level proofread pending.

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