Indian Partnership Act, 1932
Indian Partnership Act, 1932
CHAPTER II — THE NATURE OF PARTNERSHIP · Section 5

Partnership not created by status

Synced on 13 Aug 2026Text as per India Code

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 on business as such are not partners in such business

Judgments on Section 5