Personal profits earned by partners
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 16 of the Indian Partnership Act, 1932 deals with personal profits earned by partners. Subject to contract between the partners,-- (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm name, he shall account for that profit and pay it to the firm; The Act was enacted on 08 Apr 1932.
Subject to contract between the partners,--
(a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm name, he shall account for that profit and pay it to the firm;
(b) if a partner carries on any business of the same nature as and competing with that of the firm, he shall account for and pay to the firm all profits made by him in that business.
Section 16, The Indian Partnership Act, 1932 (Act 9 of 1932).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Questions about Section 16
What does Section 16 of the Indian Partnership Act deal with?
Section 16 of the Indian Partnership Act is headed "Personal profits earned by partners". Subject to contract between the partners,-- (a) if a partner derives any profits for himself from any transaction of the firm, or from the use of the property or business connection of the firm or the firm name, he shall account for that profit and pay it to the firm;
How do I find court cases under Section 16 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 16, section 16 Partnership Act, section 16 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 16. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 16 of the Indian Partnership Act, and has it changed?
1 other provision in this corpus refers back to it.
When was Section 16 of the Indian Partnership Act enacted?
Section 16 of the Indian Partnership Act, cited as Partnership Act 16, 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 15 Oct 2026. This page is not a substitute for legal advice.