Wednesday, 22 April 2020

IPA - Short Q & A -1


Hello friends please welcome to this blog related to only notes. This blog is giving you notes on partnership law in India.


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Short Question and answers on Indian Partnership Act, 1932
Q. What is short name of Indian Partnership Act, 1932?
Ans. There is no specific short name for this Act, but in many contexts Act IX of 1932 or IPA Act, 1932 is used.
Q. What is purpose of Indian Partnership Act?
Ans. This Act is to define and amend the law relating to the partnership.
Q. When IPA had received the assent form Governor General?
Ans. on Dt. 8-4-1932.
Q. In which State the IPA Act was amended and in which year?
Ans. In its application in State of Maharashtra it was amended by 29th Act of Maharashtra on Dt. 1-1-1985
Q. In which State it was not enacted?
Ans. In State of Jammu and Kashmir.
Q. Why it was not enacted in State of Jammu and Kashmir?
Ans. In State of Jammu and Kashmir, due to operation of Article 35A and Article 370 it was having special status and hence the IPA was not enacted in the State.
Q. On which day the Act was enacted across the India?
Ans. On Dt. 1-10-1932.
Q. Which Section of IPA was not enacted in 1932?
Ans. Section 69.
Q. When Section 69 of IPA was enacted?
Ans. On 1-10-1933.
Q. Who enacted the IPA Act?
Ans. The Act was enacted by Parliament of India.
Q. The IPA supersedes which Act?
Ans. The IPA Act superseded the earlier law relating to Partnership, which was contained in Chapter XI of the Indian Contract Act, 1872.
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