This 2025 Bare-Act edition of The Indian Partnership Act, 1932 (Act 9 of 1932) reproduces the complete, up-to-date statutory text that governs formation, rights, duties, and dissolution of partnership firms in India, incorporating the only recent change—the Jammu and Kashmir Reorganisation Act, 2019 (34 of 2019, dt. 9-8-2019, w.e.f. 31-10-2019 via SO 2889(E)). Issued without commentary and with only concise marginal notes, it serves as an authoritative, court-ready reference.

Key coverage

• Constitution of a firm – definition of “partnership,” determination of mutual agency, firm name and registration provisions

• Rights & duties of partners – profit-sharing, indemnity, admission/retirement, expulsion, and transfer of interest

• Relations of partners to third parties – implied authority, liability for acts of partners, and holding out

• Incoming & outgoing partners – public notice requirements, settlement of accounts, restraint agreements, and goodwill

• Dissolution & winding-up – by agreement, notice, insolvency, illegality, court decree, or compulsory dissolution; settlement of liabilities, distribution of surplus, and continuing authority

• Registration machinery – powers of Registrars, inspection of registers, penalties, and evidentiary value of extracts

• Schedules & forms – statement of particulars for registration, alteration, and dissolution notices

Indispensable for

• Chartered accountants, company secretaries, and tax advisors structuring partnership deeds or LLP transitions

• Commercial litigators, arbitrators, and judges handling disputes on partner liability, dissolution, or accounting

• Bankers and lenders assessing enforceability of firm obligations and personal liability of partners

• Entrepreneurs, start-ups, and professionals drafting clear and compliant partnership agreements

• Law students & AIBE/CS/CA candidates who require the exact statutory language for examinations

Compact, inexpensive (Price ₹ 80) and fully updated as of 2025, this Bare Act offers a reliable, clutter-free text for everyday citation, drafting, and classroom study.