What changes according to you does the Indian Partnership act needs to make it more favorable for partners and other stakeholder
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This article is written by Richa Goel of Banasthali Vidyapith. In this article, she has discussed the scope, nature of Partnership Act, 1932 and various provision related to admission, death, the retirement of a partner.
An Act was enacted in 1932 and it came into force on the 1st day of October 1932. The present Act superseded the earlier law, which was contained in Chapter XI of the Indian Contract Act, 1872.
This Act is not complete and has the intention to define and amend laws relating to Partnership.
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