Section 244: Repealed

In plain words

This section, on person receiving portion of profits for sale of good-will, not a partner, was repealed by the Indian Partnership Act, which now deals with this subject.

A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.

Official text

[Person receiving portion of profits for sale of good-will, no a partner.] Rep. by s. 73 and the Second Schedule, ibid.

Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.

Supreme Court judgments citing the section 244

No Supreme Court judgment in our database cites this section yet.