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Partnership Deed

The Indian Pa...

Question

The Indian Partnership Act was passed in the year _______ to regulate the affairs of the partnership firms.

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Solution

The Indian partnership act was passed in the year 1932 to regulate all the affairs of a partnership firm so that there is no disputes between the partners and the firms can be established under some regulatory bodies.

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Q. Under section 4 of the Indian Partnership Act, partnership is a __________.

Q. Select the proper option from the options given below and rewrite the completed sentences.

Indian partnership Act was passed in the year ________.
(a) 1932
(b) 1923
(c) 1942

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Q. What is the maximum number of partners that a partnership firm can have? Name the Act that provides for the maximum number of partners in a partnership firm.

Q. For constituting a partnership within the meaning of section 4 of the Indian Partnership Act, 1932 __________________.

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