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Indian Partnership Act,1932

Act No : 9


Section : DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM NAME"

SECTION 04: DEFINITION OF "PARTNERSHIP", "PARTNER", "FIRM" AND "FIRM NAME"
"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Persons who have entered into partnership with one another are called individually "partners" and collectively a "firm", and the name under which their business is carried on is called the "firm name".



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