Revocation of continuing guarantee by change in firm
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 38 of the Indian Partnership Act, 1932 deals with revocation of continuing guarantee by change in firm. A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm. The Act was enacted on 08 Apr 1932.
A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.
Section 38, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 38
What does Section 38 of the Indian Partnership Act deal with?
Section 38 of the Indian Partnership Act is headed "Revocation of continuing guarantee by change in firm". A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.
How do I find court cases under Section 38 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 38, section 38 Partnership Act, section 38 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 38. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 38 of the Indian Partnership Act enacted?
Section 38 of the Indian Partnership Act, cited as Partnership Act 38, 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.