Tag: Y. Venkanna Chowdry vs G. Lakshmidevamma

Law Notes, WRITE-UPS

RIGHTS & LIABILITIES OF PARTNERS AFTER CHANGE IN FIRM

According to Section 4 of the Indian partnership Act 1932, a firm is the collective name of people who have entered into the partnership with one another to carry on a business together. It is not a legal entity like a company, it is a group of individual partners.