Section 7 Partnership Act, 1932 Explained: Definition of "partnership" | Nyaya

Statutory Content

What does Section 7 of Partnership Act, 1932 say?

A partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.

Indian StandardSection 7, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 7 (India)

Court Pleading StandardSection 7 of the Partnership Act, 1932

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

Common Questions about Section 7 Partnership Act, 1932

What is Section 7 of Partnership Act, 1932?

Section 7 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Definition of "partnership"". The section states: A partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all....

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