Introduction to Law of Partnership by Dr Avtar Singh is a popular and authoritative work giving a clear exposition of partnership law. The current edition has been thoroughly revised and updated. The book starts with a brief history and definitions of the Partnership Act. It further discusses the nature of partnership, mutual relations of partners, relations of partners to third parties, incoming and outgoing partners, dissolution and registration of firms and supplemental details along with two Schedules. A separate chapter is devoted to the Limited Liability Partnership Act, 2008.
Important decisions on issues such as whether a partner can appoint a power of attorney all by himself to deal with partnership property; whether property brought in by a partner into the business becomes a part of the common stock; whether a partner’s personal experience is a valuable asset have been discussed.
The following are the highlights of the eleventh edition:
1. Covers the amendment made to the Partnership Act, 1932 by the Insolvency and Bankruptcy Code, 2016.
2. Latest case laws of High Court, Supreme Court and of foreign jurisdictions covered.