LexisNexis's The Indian Partnership Act by Pollock & Mulla - 8th Edition 2025

This authoritative commentary on The Indian Partnership Act, a cornerstone of commercial law in India, is meticulously crafted to provide comprehensive analysis and insightful interpretation of the legislation. The 8th Edition of LexisNexis's The Indian Partnership Act by Pollock & Mulla continues the legacy of providing unparalleled scholarly exposition, making it an indispensable resource for legal professionals, academics, and businesses. Updated to incorporate the latest legislative amendments, judicial pronouncements, and scholarly discourse, this edition offers a deep understanding of the intricacies of partnership law.

Target Audience:

• Legal Practitioners: Lawyers specializing in commercial law, contracts, and business transactions will find this book an invaluable tool for advising clients, drafting agreements, and litigating partnership disputes.
• Judges and Judicial Officers: The detailed commentary and case law analysis provide crucial support for understanding and applying the principles of partnership law in judicial proceedings.
• Academics and Researchers: Scholars and researchers in law, commerce, and business studies will benefit from the in-depth analysis and historical context provided by this edition.
• Business Professionals and Entrepreneurs: Understanding the legal framework governing partnerships is essential for anyone involved in business ventures. This book offers valuable insights into the formation, operation, and dissolution of partnerships.
• Students of Law and Commerce: This book serves as a comprehensive textbook and reference guide for students pursuing legal studies, particularly those focusing on contract law, commercial law, and business law.

Key Features of the 8th Edition (2025):

• Comprehensive Commentary: Detailed section-by-section analysis of the Indian Partnership Act, elucidating the legal principles and their practical applications.
• Updated Case Law: Incorporates the latest and most significant judicial pronouncements on partnership law, providing a comprehensive overview of current legal interpretations.
• Legislative Amendments: Fully updated to reflect all recent amendments and changes to the Indian Partnership Act, ensuring the information is current and accurate.
• Scholarly Analysis: Draws upon the rich tradition of Pollock & Mulla's commentary, providing insightful perspectives on the historical development and contemporary relevance of partnership law.
• Comparative Law: Where relevant, the commentary draws comparisons with partnership law in other jurisdictions, enriching the understanding of the subject.
• Practical Examples and Illustrations: Illustrates the application of legal principles with practical examples and case studies, making the concepts more accessible.
• Critical Commentary: Offers critical analysis of the law, identifying ambiguities, inconsistencies, and areas for potential reform.
• Index and Table of Cases: Provides easy access to specific provisions and case law through comprehensive indexing.

Coverage Highlights:

• Formation of Partnership: Detailed discussion of the essential elements of a partnership, including the distinction between partnership and other business arrangements.
• Types of Partners: Explains the different categories of partners, such as active partners, sleeping partners, and nominal partners, and their respective rights and liabilities.
• Rights and Duties of Partners: Covers the mutual rights and duties of partners, including the right to share profits, the duty to account, and the duty of good faith.
• Liability of Partners: Explains the joint and several liability of partners for the firm's debts and obligations.
• Dissolution of Partnership: Covers the various modes of dissolution of a partnership, including dissolution by agreement, by notice, and by operation of law.
• Consequences of Dissolution: Discusses the legal consequences of dissolution, including the winding up of the firm's affairs and the distribution of assets.
• Registration of Firms: Explains the process of registering a partnership firm and the legal implications of registration or non-registration.

Structure of the Book:

The book follows a logical structure, beginning with an introduction to the Indian Partnership Act and its historical background. It then proceeds to analyze each section of the Act in detail, providing commentary, case law, and illustrations. Separate chapters are dedicated to specific topics, such as the formation of partnership, the rights and duties of partners, the liability of partners, and the dissolution of partnership. The book concludes with appendices containing relevant statutory provisions, rules, and forms. The detailed index and table of cases facilitate easy navigation and research.