Section 36 Partnership Act, 1932 Explained: Duty of partners to indemnify partner in respect of acts binding on him | Nyaya

Statutory Content

What does Section 36 of Partnership Act, 1932 say?

Every partner shall indemnify the firm for any loss or damage sustained by the firm for any act done by him in accordance with any mere advice, direction or instruction of a partner having an interest in the subject matter of that act or of any valuation at which that subject matter is sold, exchanged, disposed of or otherwise dealt with by the firm in accordance with such advice, direction or instruction.

Indian StandardSection 36, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 36 (India)

Court Pleading StandardSection 36 of the Partnership Act, 1932

Canonical Web linkhttps://nyaya.cloud/acts/partnership-act-1932/36

Embed this Section Card

Want to display this Section explanation card on your website? Copy and paste the HTML code below:

<iframe src="https://nyaya.cloud/api/widget/section?act=partnership-act-1932&sec=36" width="100%" height="250" style="border:none; border-radius:8px;"></iframe>

Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 36 Partnership Act, 1932

What is Section 36 of Partnership Act, 1932?

Section 36 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Duty of partners to indemnify partner in respect of acts binding on him". The section states: Every partner shall indemnify the firm for any loss or damage sustained by the firm for any act done by him in accordance with any mere advice, direction or instruction of a partne...

Landmark Case Laws