Dissolution by agreement
Commencement. 1932-10-01 (except section 69) 1933-10-01
Section 40 of the Indian Partnership Act, 1932 deals with dissolution by agreement. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners. The Act was enacted on 08 Apr 1932.
A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.
Section 40, The Indian Partnership Act, 1932 (Act 9 of 1932).
Questions about Section 40
What does Section 40 of the Indian Partnership Act deal with?
Section 40 of the Indian Partnership Act is headed "Dissolution by agreement". A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.
How do I find court cases under Section 40 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 40, section 40 Partnership Act, section 40 of the Indian Partnership Act. People searching for it also type indian partnership act 1932 section 40. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 40 of the Indian Partnership Act enacted?
Section 40 of the Indian Partnership Act, cited as Partnership Act 40, 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.