Section 15: Application of the property of the firm.

Q: What does Section 15 of The Indian Partnership Act, 1932 (IPA) deal with?

Section 15 IPA pertains to "Application of the property of the firm.". It is part of the The Indian Partnership Act, 1932, a legislation enacted by the Parliament of India. Section 15 of The Indian Partnership Act, 1932 (IPA) governs application of the property of the firm. As verified on 19 May 2026.

Q: Is Section 15 IPA still in force?

Yes, Section 15 of the The Indian Partnership Act, 1932 is currently in force across the Republic of India.

Q: What is धारा 15 IPA?

धारा 15 IPA is the Devanagari Hindi reference for Section 15 of the The Indian Partnership Act, 1932. Section 15 of The Indian Partnership Act, 1932 (IPA) governs application of the property of the firm. As verified on 19 May 2026.

Q: What is Dhara 15 IPA?

Dhara 15 IPA is the Roman Hindi reference for Section 15 of the The Indian Partnership Act, 1932. "Dhara" means "Section" in Hindi. Section 15 of The Indian Partnership Act, 1932 (IPA) governs application of the property of the firm. As verified on 19 May 2026.

Q: How to cite Section 15 of The Indian Partnership Act, 1932?

Cite as: "Section 15, The Indian Partnership Act, 1932 (IPA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Partnership Act, 1932, § 15 (India).

Law on Tips Editorial Board

Subject to contract between the partners, the property of the firm shall be held and used by the partners exclusively for the purposes of the business.