Question:
In which year did the Partnership Act come into force?
In which year did the Partnership Act come into force?
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Always remember: Partnership Act = 1932, Companies Act = 2013.
Updated On: Sep 13, 2025
- 1932
- 1956
- 1947
- 2013
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The Correct Option is A
Solution and Explanation
Step 1: Historical context.
The Indian Partnership Act was enacted to regulate the rights, duties, and liabilities of partners.
Step 2: Year of commencement.
The Act was passed in 1932 and came into effect from 1st October 1932.
Step 3: Conclude.
Thus, the Partnership Act came into force in 1932.
Final Answer: \[ \boxed{1932} \]
The Indian Partnership Act was enacted to regulate the rights, duties, and liabilities of partners.
Step 2: Year of commencement.
The Act was passed in 1932 and came into effect from 1st October 1932.
Step 3: Conclude.
Thus, the Partnership Act came into force in 1932.
Final Answer: \[ \boxed{1932} \]
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