The Indian Partnership Act, 1932
Partners are bound to carry on the business of the firm to the greatest common advantage, to be just and faithful to each other, and to render true accounts and full information of all things affecting the firm to any partner or his legal representative.
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.
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.
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.
Spotted a mistake in this text or its mapping? Report an issue with PART §9
Was this page useful for your prep?