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The Indian Partnership (Maharashtra Amendment) Act, 1973

Corporate197318 sections

The Indian Partnership (Maharashtra Amendment) Act, 1973, modifies the central Indian Partnership Act, 1932, specifically for the state of Maharashtra. It introduces stricter administrative controls, including mandatory registration of firms within one year of constitution and strict 90-day timelines for reporting changes in business details or partner composition. The Act also enhances the rights of legal heirs of deceased partners, granting them access to firm books. It empowers the state to appoint specific registrars and sets clear penalties for non-compliance. For citizens, it ensures greater transparency and formalization of partnership businesses operating within the state.

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  1. 1. Short title and commencement
  2. 2. Amendment of Schedule I to Act IX of 1932
  3. 3. Amendment of section 9 of Act IX of 1932
  4. 4. Amendment of section 12 of Act IX of 1932
  5. 5. Substitution of section 57 of Act IX of 1932
  6. 6. Amendment of section 58 of Act IX of 1932
  7. 7. Amendment of section 59 of Act IX of 1932
  8. 8. Insertion of section
  9. 9. Amendment of section 60 of Act IX of 1932
  10. 10. Amendment of section 61 of Act IX of 1932
  11. 11. The Registrar shall then".
  12. 12. Amendment of section 63 of Act IX of 1932
  13. 13. Amendment of section 69 of Act IX of 1932
  14. 14. Insertion of section 69A in Act IX of 1932
  15. 15. Amendment of section 70 of Act IX of 1932
  16. 16. Insertion of section 70A in Act IX of 1932
  17. 17. Amendment of section 71 of Act IX of 1932
  18. 18. Substitution of Schedule I to Act IX of 1932

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