Application of the property of the firm
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 15 of the Indian Partnership Act, 1932 deals with application of the property of the firm. Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business. The Act was enacted on 08 Apr 1932.
Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.
Section 15, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 15
What does Section 15 of the Indian Partnership Act deal with?
Section 15 of the Indian Partnership Act is headed "Application of the property of the firm". Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.
How do I find court cases under Section 15 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 15, section 15 Partnership Act, section 15 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 15. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 15 of the Indian Partnership Act enacted?
Section 15 of the Indian Partnership Act, cited as Partnership Act 15, 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 19 Oct 2026. This page is not a substitute for legal advice.