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Section 26
Accountability
:- Each partner shall be jointly or individually accountable for all the work done on behalf of the firm while he is a partner.
Partnership Act, 2020 (1964
Preamble - 0
Chapter - 2
Section 5: Must be registered with the relevant department Section 6: Matters and documents to be disclosed in the application for registration Section 7: Name of the firm Section 8: Certificate of Firm RegistrationSection 9: No need to register the previous firmSection 10: Approval should be obtained in case of modification of the detailsSection 11: To be renewedSection 11A: The department concerned may demand detailsSection 11B: Can cancel the firm Section 11C: Registration of partnership in the province
Chapter - 3
Section 12: Mutual relationship of the partnersSection 13: Equity in partnership Section 14: Use of partnership propertySection 15: No tax on addition of capitalSection 16: Cannot be replacedSection 17: Partners can participate in lessSection 18: To be able to take a copy to view the ShrestaSection 19: Remuneration and interestSection 20: The profit claimed by the partner belongs to the firm Section 21: The amount paid by the partner should be shown in the accountSection 22: Distribution of profit and lossSection 23: Unable to get profit
Chapter - 5
Section 29: Dissolution of partnership Section 30: Dissolution by written noticeSection 31: Partnership may be dissolved at any timeSection 32: Auto after tenureSection 33: Partnership will be immediately dissolvedSection 34: Obligations to other persons must be fulfilledSection 35: Participation by HeirsSection 36: Continued even after dissolutionSection 37: Settlement of accounts of the firmSection 38: Non-ParticipationSection 39: Appointing a liquidator Section 40: Can appeal