Bare ActsThe Indian Partnership Act, 1932

Section 31

Introduction of a partner.

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

(1) Subject to contract between the partners and to the provisions of section 30, no person shall be introduced as a partner into a firm without the consent of all the existing partners. (2) Subject to the provisions of section 30, a person who is introduced as a partner into a firm does not thereby become liable for any act of the firm done before he became a partner.

Section 31 – The Indian Partnership Act, 1932 | DailyLaw.ai