Definition of partnership as per as the Indian Partnership act 1932.
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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.”
Commenced: 1 October 1932 except section 69 which came into force on the 1st day ...
Assented to: 8 April 1932
Citation: z No. 9 of 1932
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