Amendment of section 62

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 8 . In section 62 of the principal Act, for sub-section (4) and Explanation occurring after sub-section (4), the following sub-section and Explanation shall be substituted, namely:- (4) If default .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ership and fifty thousand rupees for every designated partner. Explanation .-For the purposes of this section,- (i) property includes property, rights and powers of every description and lia .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X