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⑳
Business Laws Lecture - 5

The Partnership Act , 1932

By – Kunal Mandhania
 out
1 partner by estoppel/holding
partnership .
deed
2 -
-
-

4
1 minor in partnership.

4
 GTolp@ position of Minor . In Parthenship
Act [seso]
- fo
-
[
liabilities
[
Basics -
Rights I-
↓
cannot
①
↓

profits
.
E
during
on attaining
majorly [
minority
>
-
to share ↓ attaining
become
-ofmay
within 6 months
partner .

⑲ to share
property
>
- to the extent
N of ↓ ↳
donty
be
O
profits in firm
obtaining knowledge
- can
decide and give
To chec
in
beneficiary inspe
partnership
-
⑪ ②and property public notice -

a
books of for
to be 1
canombeheld
in
(admitted in -
benefite of firm) -
.
Accounts
suit
·
oo -
partner firs become
Discontinue
from
↓
⑪ file a personally if no public As

already
case even
&

covers

① his liable
. notice given E
partner
then -
get share of profits
m to recover
existing (his put properly
-

fill date
profits/property
a
⑪ with consent of c
&

estate
- liable from date
he entered as of public notice
.
portners ↓
bed severing not last date
.

or .

) able f e
when he is
⑪ There
must
major beneficial in ↓
hisconnection with tl for any
atteant 2
liable
partners
=>

fir not
act .
afterwards
-
⑳ notice
g
-

partnerwinm -
.

mi-
liabilities - vie

nor colac solac solad #

S zold ( ,
pub sac solac
volac
- ↓
D
↓ ↓ f ↓ ↓ ↓
I A B C a e
I E FI liable
.

O
& continue liable-to what amt
-
.

If he choose to b

30 lactrolac
eprofits
property lac
som A B, C and D .
= Iolac + tolac + x

notice till 6 moni Effect ?

doeint public
.

⑨ If
-
he give
son He becomes partner
.
when his
& If .
he -partners
choose to become
then from
liability starts + c +D + E + F + 4 +
any
B
.

further
>
-
> A +
date he was -
30 20t 15 + 20 + 20 contract
From the lot 50 + +
benefit
further contrast
&
admitted to I 16t lact any
⑳ Mr Tillu
-

, Minor beneficiary want to check.

z ↳
contract
-
entered bett firm and supplies X-

can he do so .
? 199
inspect check books Aks
of .
sanl No he can
only
=

han not received prof his

① .
Mr Tillu -

,
minor partner.
last 2
up Can he sue firm
.
profit shore since :

He wants to continue as beneficial

if
,

his connection with firm

.

& He is severing
sans ⑨ NO
=

⑬ yes
Of : A partnership was En
started with following portness.
partnership
not
=
whether valid or

⑨ Mr
. R-major ⑪ mr .

Somajor
.

D mu To minor
.

admitted beneficiary
et No .
·

Minor T can be as

already existing firm .

-
-
-

but in a

⑮ This firm is
starting
&2 0 There 6 were 2
major pentnel in firm .
DandD . S

beneficial first on
died-R admitted
T-minoras
in

valid
partnership tim
⑧
should be
so N .
To make minor a
beneficient ,
there
-

atleast 2 major partners

in the firm
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