Atharv Sankliya 19 December 2021
Shashi Dhara 20 December 2021
present Indian partnership act applies.
Atharv Sankliya 20 December 2021
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 20 December 2021
Amended partnership act is applicable
Aryan Raj 20 December 2021
In response to your query,
The Jammu and Kashmir State Partnership Act, 1996
An Act to clarify the law governing partnerships.While it is necessary to specify the law governing partnerships, His Highness the Maharaja Bahadur gave his consent on the 26th of June, 1939/12th of Haran, 1996, and it was published in the Government Gazette on the 26th of Sawan, 1996.
Unless there is something repugnant in the subject or context in this Act. -
(a) Any act or omission by all of the partners, or by any partner or agent of the firm, that gives birth to a claim enforceable by or against the partnership is referred to as a "act of a firm."
(b) If you want to be more formal "Every trade, occupation, and profession is included in the term "business."
(c) "prescribed" means "prescribed" under this Act's rules;
(d) If you're looking for a unique way "Any person who is not a partner in the firm is referred to as a third party in relation to the firm or a partner therein.
(e) expressions used but not specified in this Act but defined in the Contract Act 1977 have the same meaning as in that Act.
Regards,
Aryan Raj