Mera Samvidhaan All of Indian Partnership Act, 1932

Chapter II · The Nature of Partnership

5Partnership not created by status.

Section 5 · Chapter II · page 5 of the Act

The relation of partnership arises from contract and not from status;

and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business

Section 5 of The Indian Partnership Act, 1932 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.