Central Government Act
Section 4 in The Indian Partnership Act, 1932
4. Definition of" partnership"," partner"" firm" and" firm name". Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually" partners" and collectively" a firm", and the name under which their business is carried on is called the" firm name".
Partnership not created by status.