Partnership Act,1932: Two or more persons may form a partnership with no limit imposed on the minimum and the maximum number of partners.

Companies Act 2013: The maximum number of 100 must not exceed in case of partnership and minimum is 2 partners. In the Act, unless there is anything repugnant in the subject or context,

(a) an "act of a firm" means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;

(b) "business" includes every trade, occupation and profession;

(c) "prescribed" means prescribed by rules made under this Act;

(c-1) "Registrar" means the Registrar of Firms appointed under sub-section (1) of section 57 and includes the Deputy Registrar of Firms and Assistant Registrar of Firms appointed under sub-section (2) of that section;

(d) "third party" used in relation to a firm or to a partner therein means any person who is not a partner in the firm; and

(e) expressions used but not defined in this Act and defined in the Indian Contract Act, 1872, shall have the meanings assigned to them in that Act.

Get a lawyer for queries related to Partnership Laws

Tags: Top Rated Advocates available for Consultation by Phone, Meeting, Video Call, at your Home / office and through Email Free Legal Advice from Top Lawyers in India, free legal advice, ask a free legal questions

Need Legal Support
Online Consulting
Post Documents

How we are working

Take a Tour

Case Investigation

Our Team in workroom investigate each and every query posted, discuss and collect various opinion from Advocates.

Read more
Cases Fighting

If workroom decide to fight for our customers, then we help our customer to find best advocate.

Read more
Legal Analysis

Also our workroom having a close look and analyse the progress of case, so we can help our customers.

Read more
Legal Help

If workroom found there is no litigation required, then our team suggest the legal help to our customers.

Read more

Legal Help Anytime Anywhere

Just Whatsapp at (+91) 9821091807