Indian Partnership Act, 1932 · Chapter II: The Nature of Partnership
Section 4: Definition of “partnership”, “partner”, “firm” and “firm name”
"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
Persons who have entered into partnership with one another are called individually "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm name".
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 4
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Dhanasingh Prabhu v. Chandrasekar & Another
Whether the High Court was right in dismissing the complaint on the ground that the name of the partnership firm was not mentioned in the statutory notice issued by the appellant/complainant to the respondents u/s.138…
- Mrs Mithlesh Gupta v. M/S National Industrial Corporation Limited
- Ganpati Industries v. Spp Food Products Pvt. Ltd
- Dheeraj Jain & Ors v. Savitri Devi & Ors
- Hema Gusain v. The Institute of Chartered Accountants of India and Others
- Siddharth Duggal v. State (Govt, of NCT of Delhi) & Ors
- Indian Railwaycatering and Tourism Corporation Ltd v. M/S Goel and Goel
- Commissioner of Central Excise, Raipur v. M/S Sepco Electric Power Construction Corporation
- The Vice Chairman & Managing Director, City and Industrial Development Corporation of Maharashtra Ltd.& Anr. v. Shishir Realty Private Limited & Ors. Etc
- Kiran Devi v. The Bihar State Sunni Wakf Board & Ors.
- Raghu Lakshminarayanan v. M/S. Fine Tubes
- Rashik Lal and Co. v. Commissioner of Income Tax, Orissa
- Krishnan Nair & Anr. Etc. v. Ghouse Basha
- Helper Girdharbhai v. Saiyed Mohmad Mirasaheb Kadri and Others
- S.P. Gramophone Company v. C.I.T Patiala
- Pratibha Rani v. Suraj Kumar & Anr.
- Regional Director Employees State Insurance Corporation Trichur v. Ramanuja Match Industries
- Munshi Ram and Ors. v. Municipal Committee, Chheharta
- Ganesh Trading Co. v. Moji Ram
- Commissioner of Income-Tax, Madras v. R. M. Chidambaram Pillai Etc.
- K. D. Kamath & Co. v. C.I.T., Bangalore
- Commissioner of Income-Tax, Punjab v. M/S. Chander Bhan Harbhajan Lal
- Commissioner of Income-Tax, Madhya Pradesh, A Nagpur v. Seth Govindram Sugar Mills Ltd.
- Commissioner of Income-Tax, Ahmedabad v. A. Abdul Rahim & Co., Baroda
- Champaran Cane Concern v. State of Bihar and Anr.
- Purushottam Umedbhai & Co. v. M/S Manilal and Sons (In Connected Appeals)
- Gherulal Parakh v. Mahadeodas Maiya and Others
- Dulichand Lakshminarayan v. The Commissioner of Income-Tax, Nagpur.