section 33
Expulsion of a partner
The Jammu and Kashmir State Partnership Act, 1939Corporate193963 sections5 chapters
Chapter V Chapter V
Statutory text
Expulsion of a partner.--(1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith of powers conferred by contract between the partners.
- (2) The provisions of sub-sections (2),
- (3) and
- (4) of section 32 shall apply to an expelled partner as if he were a retired partner.
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