(i) an “act of
a firm” means any act or omission by all the partners, or by any partner or
agent of the firm which gives rise to a right enforceable by or against the
firm;
(ii)
“business” includes every trade, occupation and profession;
(iii)
“prescribed” means prescribed by rules made under this Act;
(iv)
“Registrar” means the Registrar of Firms appointed under sub-section (1) of section 57 and includes the Deputy Registrar of Firms and Assistant Registrar of Firms
appointed under sub-section (2) of that section;
(v) “third
party” used in relation to a firm or to a partner therein means any person who
is not a partner in the firm; and
(vi) expressions used but
not defined in this Act and defined in the Indian Contract Act, 1872, shall
have the meanings assigned to them in that Act.See section 2 of Indian Partnership Act, 1932