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The Incorporated Private Partnerships Act, 1962.

Section 3: (1) Partnership means the association of two or more individuals carrying on business jointly for the purpose of making profits: Provided that t ...

The Incorporated Private Partnerships Act, 1962.

Section 4: (1) After the expiration of three months from the commencement of this Act, it shall not be lawful for a partnership to carry on business unless the ...

The Incorporated Private Partnerships Act, 1962.

Section 5: (1) Registration under this Act shall be effected in the manner following, that is to say, there shall be sent or delivered to the Registrar for regi ...

The Incorporated Private Partnerships Act, 1962.

Section 6: (1) Upon registration the Registrar shall certify under his seal that the firm has been registered and is incorporated and such certificate shall sta ...

The Incorporated Private Partnerships Act, 1962.

Section 7: (1) Wherever any change has been made or has occurred in any of the particulars registered in accordance with the foregoing sections, the existing pa ...

The Incorporated Private Partnerships Act, 1962.

Section 8: (1) Once in every year the partners shall deliver to the Registrar for registration a statement in the prescribed form renewing the registration.(2) ...

The Incorporated Private Partnerships Act, 1962.

Section 9: (1) In the event of default in complying with sections 4,  5, 7 or 8 of this Act,(a) every partner shall be liable to a fine not exceeding five ...

The Incorporated Private Partnerships Act, 1962.

Section 11: Except as provided by section 31 of this Act, a person shall not be deemed to have knowledge of any particulars by reason only that such particulars ...

The Incorporated Private Partnerships Act, 1962.

Section 12: (1) From the date of registration mentioned in the certificate of registration issued in accordance with section 6 of this Act, the firm shall be a ...

The Incorporated Private Partnerships Act, 1962.

Section 13: (1) Every firm shall,(a) carry on business only under the registered firm name, and shall paint or affix, and keep painted or affixed, the registere ...

The Incorporated Private Partnerships Act, 1962.

Section 14: (1) Every partner shall be an agent of the firm for the purpose of the business of the firm. ...

The Incorporated Private Partnerships Act, 1962.

Section 15: (1) An act or instrument relating to the business of a firm and done or executed in the firm name, or in any other manner showing an intention to bi ...

The Incorporated Private Partnerships Act, 1962.

Section 16: Every partner in a firm shall be jointly and severally liable with the firm and the other partners for all debts and obligations of the firm incurre ...

The Incorporated Private Partnerships Act, 1962.

Section 17: (1) A person who is admitted as a partner into an existing firm shall not thereby become liable to the creditors of the firm for anything done befor ...

The Incorporated Private Partnerships Act, 1962.

Section 18: Every person who by words spoken or written or by conduct represents himself, or who knowingly suffers himself to be represented, as a partner in a ...

The Incorporated Private Partnerships Act, 1962.

Section 32: (1) Every firm shall cause to be kept proper accounts with respect to its financial position and changes therein, and with respect to the control of ...

The Incorporated Private Partnerships Act, 1962.

Section 33: Notwithstanding any agreement to the contrary, each partner in the firm shall have a right of access to the firm's accounts and may inspect and copy ...

The Incorporated Private Partnerships Act, 1962.

Section 34: (1) Partners shall stand in a fiduciary relationship towards the firm and their co-partners.(2) Without prejudice to the generality of subsection (1 ...

The Incorporated Private Partnerships Act, 1962.

Section 35: (1) Subject to the provisions of this Act the mutual rights and duties of the partners whether ascertained by agreement or by the provisions of this ...

The Incorporated Private Partnerships Act, 1962.

Section 36: Where a partnership is expressed to be for a fixed term, and, after the expiration of that term, the partners or some of them expressly or impliedly ...

The Incorporated Private Partnerships Act, 1962.

Section 37: The interests of the partners in the firm shall be personal estate and shall not be in the nature of real or immovable property. ...

The Incorporated Private Partnerships Act, 1962.

Section 38: (1) An assignment by any partner of his interest in the firm, either absolute or by way of a charge, shall not, as against the other partners, entit ...

The Incorporated Private Partnerships Act, 1962.

Section 39: (1) A partner shall cease to be a partner in the firm in the event of,(a) his death;(b) his becoming an alien enemy during time of war;(c) an insolv ...

The Incorporated Private Partnerships Act, 1962.

Section 40: The fact that a partner has ceased to be a partner in the firm shall not affect the existence of the firm or the mutual rights and duties of the oth ...

The Incorporated Private Partnerships Act, 1962.

Section 41: (1) If, on any partner ceasing to be a partner in the firm there is only one surviving or continuing partner of the firm the surviving or continuing ...

The Incorporated Private Partnerships Act, 1962.

Section 42: Where one partner has paid a premium to another on entering into a partnership agreement for a fixed term and the firm is wound up or the partner pa ...

The Incorporated Private Partnerships Act, 1962.

Section 43: Where a partnership agreement is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to resc ...

The Incorporated Private Partnerships Act, 1962.

Section 57:Any person may inspect the register of particulars of charges and any document registered by the Registrar upon payment of one shilling for each insp ...

The Incorporated Private Partnerships Act, 1962.

Section 58: The rules of equity and common law applicable to partnership shall continue in force except in so far as they are inconsistent with the express prov ...

The Incorporated Private Partnerships Act, 1962.

Section 59: A company, limited or unlimited, registered under the Companies Ordinance (Cap. 193), may be re-registered under this Act in the manner set forth in ...