Central · Act 9 of 1932

Section 50 — Personal profits earned after dissolution.

The Indian Partnership Act, 1932

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Subject to contract between the partners, the provisions of clause (a) of section 16 shall apply to transactions by any surviving partner or by the representatives of a deceased partner, undertaken after the firm is dissolved on account of the death of a partner and before its affairs have been completely wound up:

Provided that where any partner or his representative has bought the goodwill of the firm, nothing in this section shall affect his right to use the firm name.

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Next · Section 51Return of premium on premature dissolution. →All sections / सभी धाराएँThe Indian Partnership Act, 1932 →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Application of provisions of Act 9 of 1872.Section 4 · Definition of “partnership”, “partner”, “firm” and “firm name”.Section 5 · Partnership not created by status.Section 6 · Mode of determining existence of partnership.Section 7 · Partnership at will.Section 8 · Particular partnership.
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India Code, Government of India. Text fetched 24 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.

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Section 50 — Personal profits earned after dissolution. | The Indian Partnership Act, 1932 | NYAYA SIGNAL

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