You are viewing the translated version of संक्षिप्त नाम, विस्तार र प्रारम्भ.
Section 1
Abbreviations, Extensions and Initials
(1) The name of this Act is “Partnership Act, 2020”. (2) This Act shall come into effect in Nepal ……….. (3) This Act shall commence immediately.
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