Amendment status not verified — confirm the current text below against the official source.
ii The Indian Partnership Act, 1932 Contents Extension and restriction of partner's implied 5 authority. Partner's authority in an emergency 5 Mode of doing act to bind firm 5 Effect of admissions by a partner 5 24 Effect of notice to acting partner 5 Liability of a partner for acts of the firm 5 Liability of the firm for wrongful acts of a partner. 5 Liability of firm for misapplication by partners 5 Holding out 5 Rights of transferee of a partner's interest 5 Minors admitted to the benefits of partnership. CHAPTER - V INCOMING AND OUTGOING PARTNERS. Introduction of a partner 7 Retirement ota partner 7 Expulsion of a partner 7 Insolvency a partner 7 Liability of estate of deceased partner 8 Rights of outgoing partner to carry on competing business 8 Right of outgoing partner in certain cases to share subsequent profits 8 Revocation of continuing guarantee by change in firm 8 CHAPTER -VI DISSOLUTIONOF A FIRM Dissolution of firm - 8 40 Dissolution by agreement 8 Compulsory dissolution 8 Dissolution on the happening of certain contingencies 9 Dissolution by notice of partnership at will 9 Dissolution by the Liability for acts of partners done after dissolution 10 Right of partners to have business wound up after 10 dissolution. Continuing authority of partners for purposes of winding up 10 Mode of settlement of accounts between partners 10 Payment of firm debts and of separate debts. 11 Personal profits earned after dissolution 11 The Indian Partnership Act, 1932 Contents