Define Partnership according to Indian Partnership Act .
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THE INDIAN PARTNERSHIP ACT' 1932 Section.4 of the Indian Partnership Act, 1932 defines Partnership in the following terms: “ Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
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Hello..
Partnership - "It is a relationship among persons who agreed to share profit of the business carried by all or any one of them acting for all ".
- Section -4 of Indian Partnership Act (1932)
hope it helps..
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