Indian Partnership Act : PARTNERSHIP NOT CREATED BY STATUS Indian Bare Acts :

Indian Partnership Act,1932

Act No : 9

Section : PARTNERSHIP NOT CREATED BY STATUS

SECTION 05: PARTNERSHIP NOT CREATED BY STATUS
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 business as such, are not partners in such business.