Question

Partnership business in India is governed by Indian Partnership Act of ________.

• A. $1913$
• B. $1932$
• C. $1984$
• D. $1928$

Answer 1

The correct option is B $1932$

The Indian Partnership Act, 1932 was enacted in India in 1932. It was enacted by Parliament of India. It was assented to 8th April 1932, commenced from 1st October 1932 except Section 69 which came into force on the 1st day of October 1933. Indian Partnership Act extends to the whole of India except for Jammu and Kashmir.