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Section 2 – The Partnership Act, 1932

The Partnership Act, 1932

 

2. DEFINITIONS.

 

In the Act, unless there is anything repugnant in the subject or context,

 

(a) an “act of a firm” means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;

 

(b) “business” includes every trade, occupation and profession;

 

(c) “prescribed” means prescribed by rules made under this Act;

 

(c-1) “Registrar” means the Registrar of Firms appointed under sub-section (1) of section 57 and includes the Deputy Registrar of Firms and Assistant Registrar of Firms appointed under sub-section (2) of that section;

 

(d) “third party” used in relation to a firm or to a partner therein means any person who is not a partner in the firm; and

 

(e) expressions used but not defined in this Act and defined in the Indian Contract Act, 1872, shall have the meanings assigned to them in that Act.

 

 

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The Partnership Act, 1932

 

Indian Laws – Bare Acts

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