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Section 33 – The Partnership Act, 1932

The Partnership Act, 1932

 

33. EXPULSION OF A PARTNER.

 

(1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith or powers conferred by contract between the partners.

 

(2) The provisions of sub-sections (2), (3) and (4) of section 32 shall apply to an expelled partner as if he were a retired partner.

 

 

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The Partnership Act, 1932

 

Indian Laws – Bare Acts

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