The document outlines the rights, duties, and types of partners under the Indian Partnership Act of 1932. It discusses the mutual rights of partners which include the right to participate in business conduct, access books, and share profits. It also outlines the absolute and qualified duties of partners regarding conducting business, providing true accounts, and indemnifying losses. Finally, it discusses the different kinds of partners and ways a partnership can dissolve, including dissolution by agreement, notice, certain events, compulsory dissolution, and dissolution ordered by the court.

1. Indian partnership act ,1932

2. Mutual rights of partners
1.Right to take the part in the conduct of the business.
2.Right to be consulted.
3.Right to access the books.
4.Right to share the profits.

3. 5.Right to interest on capital.
6.Right to interest on advance.
7.Right to indemnity.

4. Duties of partners
Absolute duties
1.Duty to carry on the business to greatest common
advantage
2.Duty to be just and faithful inter-se
3.Duty to render true accounts

5. 4.Duty to provide the information.
5.Duty to indemnify for loss caused by fraud.
6.Duty to be liable jointly and severally.
7.Duty not to assign his interest.

6. Qualified duties
1.Duty to attend diligently to his duties.
2.Duty to work without remuneration.
3.Duty to contribute the losses.
4.Duty to indemnify for willful neglect.

7. 5.Duty to use firm’s property exclusively for the firm.
6.Duty to account for personal profit.
7.Duty to not compete with his business of the firm.

8. Kinds of partners
1.Active or actual partner
2.Sleeping or dormant partner
3.Nominal partner
4.Partner in profit only (minor)
5.Partner by estoppel or holding out.

9. Dissolution of firm
1.Dissolution by agreement: A firm may be dissolved
with the consent of all the partners or accordance with
the contract b/w the partners.Partnership created by
contract,It can also be terminated by contract.
2.By notice: Where the partnership is at will,the firm
may be dissolved by any partner giving notice in
writing to all partners of his intention to dissolve
it.Notice is once given cannot be withdrawn without
consent of partners.

10. 3.On the happening of certain contigencies:
1.If constituted for fixed term,by expiry of that firm.
2.If constituted to carry out one or more adventurous
or undertakings.by the completion of thereof.
3.By death of partner
4.Abjudicate of partner is insolvent.

11. 4.Compulsory dissolution:
1.Insolvent
2.unlawful

12. 5.Dissolution by court:
a. Insane of partner
b. Permanent incapacity of partner
c. Misconduct of partner
d. Persisitent breach of agreement
e. Transfer of interest
f. Continous losses
g. Just and equitable

13. Thank
you