Mobile View
Main Search Advanced Search Disclaimer
Citedby 132 docs - [View All]
B.V. Narasimhulu Chetty vs Ratakonda Krishna Murthy And Ors. on 13 February, 1985
P. Chenchu Ramiah vs A.M. Noohu Nachia And Anr. on 30 October, 1998
Md. Lutfulla Saheb vs Gauhati Bank Ltd. And Ors. on 2 December, 1952
J.K. Jute Mills Co. Ltd. vs Firm Birdhichand Sumermal on 25 September, 1957
S.N. Soni vs Taufiq Farooki Etc. on 2 April, 1975

[Complete Act]
Central Government Act
Section 19 in The Indian Partnership Act, 1932
19. Implied authority of partner as agent of the firm.—
(1) Subject to the provisions of section 22, the act of a partner which is done to carry on, in the usual way, business of the kind carried on by the firm, binds the firm. The authority of a partner to bind the firm conferred by this section is called his “implied authority”.
(2) In the absence of any usage or custom of trade to the contrary, the implied authority of a partner does not empower him to—
(a) submit a dispute relating to the business of the firm to arbitration,
(b) open a banking account on behalf of the firm in his own name,
(c) compromise or relinquish any claim or portion of a claim by the firm,
(d) withdraw a suit or proceeding filed on behalf of the firm,
(e) admit any liability in a suit or proceeding against the firm,
(f) acquire immovable property on behalf of the firm,
(g) transfer immovable property belonging to the firm, or (h) enter into partnership on behalf of the firm.