Section 46 Indian Partnership Act 1932

Section 46 Indian Partnership Act

Section 46 of the Indian Partnership Act 1932 is about Right of partners to have business wound up after dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act.

Right of partners to have business wound up after dissolution

On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus distributed among the partners or their representatives according to their rights.