Section 61 Partnership Act, 1932 Explained: Duty of partners to indemnify each other | Nyaya

Statutory Content

What does Section 61 of Partnership Act, 1932 say?

Every partner shall indemnify the firm for any loss or damage sustained by it in connection with any act or omission on the part of such partner. The firm shall indemnify every partner in respect of any liability incurred by him, without the knowledge and consent of such partner, in the ordinary and usual conduct of the business of the firm.

Indian StandardSection 61, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 61 (India)

Court Pleading StandardSection 61 of the Partnership Act, 1932

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

Common Questions about Section 61 Partnership Act, 1932

What is Section 61 of Partnership Act, 1932?

Section 61 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Duty of partners to indemnify each other". The section states: Every partner shall indemnify the firm for any loss or damage sustained by it in connection with any act or omission on the part of such partner. The firm shall indemnify every par...

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