Section 12 Indian Partnership Act

Section 12 of the Indian Partnership Act 1932 is about The conduct of the business. It is under CHAPTER III (RELATIONS OF PARTNERS TO ONE ANOTHER) of the Act.

The conduct of the business

Subject to contract between the partners–

(a) every partner has a right to take part in the conduct of the business;

(b) every partner is bound to attend diligently to his duties in the conduct of the business;

(c) any difference arising as to ordinary matters connected with the business may be decided by a majority of the partners, and every partner shall have the right to express his opinion before the matter is decided, but no change may be made in the nature of the business without the consent of all the partners; and

(d) every partner has a right to have access to and to inspect and copy any of the books of the firm.