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Under the Indian Partnership Act, every partner is under a duty -
to indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm
to render true accounts and full information
not to carry on any business other than that of the firm
to be just and faithful to each other
Section 10 of Partnership Act – 10. Duty to indemnify for loss caused by fraud. Every partner shall indemnify the firm for any loss caused to it by his fraud in the conduct of the business of the firm.
By: santosh ProfileResourcesReport error
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