Indian Partnership Act, 1932 Section 5 - Bare Act |
| State | Central Government |
| Year | 1932 |
| Section Title | 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 on business as such, are not partners in such business.