Mutual rights and liabilities
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 13 of the Indian Partnership Act, 1932 deals with mutual rights and liabilities. Subject to contract between the partners-- (a) a partner is not entitled to receive remuneration for taking part in the conduct of the business; The Act was enacted on 08 Apr 1932.
Subject to contract between the partners--
(a) a partner is not entitled to receive remuneration for taking part in the conduct of the business;
(b) the partners are entitled to share equally in the profits earned, and shall contribute equally to the losses sustained by the firm;
(c) where a partner is entitled to interest on the capital subscribed by him such interest shall be payable only out of profits;
(d) a partner making, for the purposes of the business, any payment or advance beyond the amount of capital he has agreed to subscribe, is entitled to interest thereon at the rate of six per cent. per annum;
(e) the firm shall indemnify a partner in respect of payments made and liabilities incurred by him--
(i) in the ordinary and proper conduct of the business, and
(ii) in doing such act, in an emergency, for the purpose of protecting the firm from loss, as would be done by a person of ordinary prudence, in his own case, under similar circumstances; and
(f) a partner shall indemnify the firm for any loss caused to it by his wilful neglect in the conduct of the business of the firm.
Section 13, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 13
What does Section 13 of the Indian Partnership Act deal with?
Section 13 of the Indian Partnership Act is headed "Mutual rights and liabilities". Subject to contract between the partners-- (a) a partner is not entitled to receive remuneration for taking part in the conduct of the business;
How do I find court cases under Section 13 of the Indian Partnership Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Partnership Act 13, section 13 Partnership Act, section 13 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 13 and indian partnership act 1932 section 13 b. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 13 of the Indian Partnership Act enacted?
Section 13 of the Indian Partnership Act, cited as Partnership Act 13, was enacted on 08 Apr 1932 as Act 9 of 1932. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 14 Oct 2026. This page is not a substitute for legal advice.