Taxmann's Indian Partnership Act 1932 [Bare Act with Section Notes] – Comprehensively Consolidates Partnership Law—including State Amendments | Case Laws | Pre-Amendment Provisions
About this ebook
This book is intended for the following audience:
• Law Students & Academics – A foundational resource for understanding partnership law, complete with the statutory text and notes that elaborate on critical sections and concepts
• Legal Professionals – Advocates, law firms, and in-house counsel will find it invaluable for quick reference, in-depth case law insights, and procedural guidance on registering and managing partnerships
• Business Owners & Chartered Accountants – Small and medium enterprise (SME) owners, partnership firms, and finance professionals can rely on the section notes and explanatory material to understand compliance requirements, rights, and liabilities within a partnership structure
• Judicial & Quasi-Judicial Authorities – Judges, arbitrators, and mediators requiring a handy reference to legislative provisions and relevant state amendments
The Present Publication is the 2025 Edition, covering the amended and updated text of the Indian Partnership Act [Act No. 9 of 1932], with the following noteworthy features:
• [Bare Act & Section Notes] Presents the statutory text along with succinct notes clarifying complex areas, including references to leading case law
• [Up-to-date Amendments] Incorporates changes from various State Amendments that alter or supplement the Central Act—crucial for practitioners dealing with multiple jurisdictions
• [Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
• [Detailed Commentary] Each section is accompanied by explanations, cross-references, and relevant judicial pronouncements to illustrate practical applications
• [Latest Judicial Guidance] Where relevant, the commentary includes Supreme Court and High Court rulings, explaining how courts interpret key provisions
• [User-friendly Layout] Demarcated headings, chapter-wise arrangement, and a comprehensive Subject Index for quick navigation
• [Practical Insights] Highlights procedural aspects of partnership registration, dissolution, minor's admission to partnership benefits, retirement, and expulsion of partners
The structure of the book is as follows:
• Chapter-wise Arrangement – The Bare Act text is organised into eight chapters, each focusing on distinct facets of partnership law—from 'Preliminary' to 'Supplemental'
• Section-wise Commentary – After each section's text, concise notes clarify the provision's scope, its interplay with other sections, relevant state-specific changes, and case references
• State Amendments – Each relevant section is followed by a separate 'State Amendment', highlighting local modifications effective in different states
• Subject Index – A detailed index at the end cross-references key terms, enabling quick look-ups of topics like 'liabilities of partners,' 'dissolution,' and 'registration procedures'
Ratings and reviews
About the author
At the core of Taxmann's commitment to delivering insightful and reliable information is a highly skilled Research & Editorial Team consisting of Chartered Accountants, Company Secretaries, and Lawyers. Guided by Editor-In-Chief Mr Rakesh Bhargava, this team upholds Taxmann's role as a leading content provider in the professional knowledge space.
Operating with Six Sigma-inspired precision, the team is driven to eliminate errors and maintain excellence across all content outputs. Their content creation follows strict editorial principles to ensure authority, depth, and insight. Key guidelines include:
• Verified Sourcing – All statutory content is carefully curated from credible, authorized sources, ensuring authenticity and dependability
• Up-to-Date Information – With a commitment to timely updates, the team ensures readers are informed of the latest judicial and legislative changes
• Analytical Depth – Focused on high-impact issues, the team provides deep analysis to help readers understand the implications and nuances of recent developments
• Precise and Accurate Communication – Each publication is crafted for clarity and precision, making complex topics accessible and practical for professionals
• Rigorous Referencing – Analytical insights are thoroughly referenced with relevant sections, circulars, notifications, and rulings, enhancing trustworthiness
• Consistency and Quality – Taxmann adheres strictly to standards of style, grammar, and format, ensuring a smooth and professional reading experience
• Reader-Friendly Design – Both print and digital formats are designed with legibility in mind, enhancing accessibility across platforms
By adhering to these standards, Taxmann's Editorial Team strengthens its position as a trusted content company, empowering professionals with authoritative resources to make informed decisions.
