Section 40: Dissolution by agreement.

Q: What does Section 40 of The Indian Partnership Act, 1932 (IPA) deal with?

Section 40 IPA pertains to "Dissolution by agreement.". It is part of the The Indian Partnership Act, 1932, a legislation enacted by the Parliament of India. Section 40 of The Indian Partnership Act, 1932 (IPA) governs dissolution by agreement. As verified on 19 May 2026.

Q: Is Section 40 IPA still in force?

Yes, Section 40 of the The Indian Partnership Act, 1932 is currently in force across the Republic of India.

Q: What is धारा 40 IPA?

धारा 40 IPA is the Devanagari Hindi reference for Section 40 of the The Indian Partnership Act, 1932. Section 40 of The Indian Partnership Act, 1932 (IPA) governs dissolution by agreement. As verified on 19 May 2026.

Q: What is Dhara 40 IPA?

Dhara 40 IPA is the Roman Hindi reference for Section 40 of the The Indian Partnership Act, 1932. "Dhara" means "Section" in Hindi. Section 40 of The Indian Partnership Act, 1932 (IPA) governs dissolution by agreement. As verified on 19 May 2026.

Q: How to cite Section 40 of The Indian Partnership Act, 1932?

Cite as: "Section 40, The Indian Partnership Act, 1932 (IPA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Partnership Act, 1932, § 40 (India).

Law on Tips Editorial Board

A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.