State the law which governs the partnership business in Indian
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57
Explanation:
Traditional Partnership: -Governed by the Indian Partnership Act, 1932. It WAS a preferred form of business but now businesses opt for LLP's. We DO NOT suggest registering one due to it having Unlimited Liability. ... LLP: A Partnership Firm with Limited Liability.
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22
Explanation:
The Indian Partnership Act, 1932 is an act enacted by the Parliament of India to regulate partnership firms in India.
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