Search Blog

Saturday, April 13

General duties of partners as per section 9 of Indian Partnership Act, 1932

As per section 9 of Indian Partnership Act, 1932, the general duties of the partners are as under:


(i) Partners are bound to carry on the business of the firm to greatest common advantage,

(ii) Partners to be just and faithful to each other, and

(iii) Partners to render true accounts and full information of all things affecting the firm to any partner, his heir or legal representative.


See section 9 of the Indian Partnership Act, 1932 on lawzonline.com