Which section of Partnership Act provides for partnership not created by status ........

Indian Partnershoip Act (IPA) 1930 Introduction and Definition

Download Solution PDF

Which section of Partnership Act provides for partnership not created by status?

Section 5

Section 7

Section 4

Section 3

छोटे Courses बड़े Results

Master Introduction and Definition

Prepare through Micro-courses

Try Now

Explanation:

Section 5 of the Partnership Act –

5. Partnership not created by status. 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 business as such, are not partners in such business.