Bare ActsThe INDIAN PARTNERSHIP ACT, 1932

Section 5

Amendment status not verified — confirm the current text below against the official source.

Partnership not created by status - The relation of partnership arises from contract and not from status; and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying business as such, are not partners in such business.

Section 5 – The INDIAN PARTNERSHIP ACT, 1932 | DailyLaw.ai