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Dissolution of Partnership vs Firm

Select the mo...

Question

Select the most appropriate alternative from those given below and rewrite the statement.

The Indian Partnership Act is in force since _________________
a) 1932
b) 1956
c) 1960
d) 1984

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Solution

The Indian Partnership Act is in force since 1932.
Explanation: The Indian Partnership Act came into force on 1^st October, 1932 which extends to the whole of India except the state of Jammu and Kashmir.

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