The Law of Partnership

Bhagidari Kayda by Adv. Abhaya Shelkar is a comprehensive Marathi commentary on the Law of Partnership, offering a clear and structured understanding of the Indian Partnership Act, 1932. The book explains the essential elements of partnership formation, partner relations, registration procedures, profit-sharing mechanisms, and the legal rights and duties of all partners. Written with practical clarity, it breaks down complex legal concepts into simple, real-life business exampl es that help readers understand how partnership law functions in daily commercial activities. The book provides detailed guidance on the liability of partners, the management of firm affairs, contractual principles affecting partnerships, and the consequences of non-registration. Detailed chapters on dissolution of firms, settlement of accounts, reconstitution of partnerships, and partner retirement make it an invaluable resource for resolving disputes and understanding firm restructuring. The commentary also discusses financial responsibilities, fiduciary duties, authority of partners, and legal remedies available in case of breach or misconduct. Designed to serve both professionals and students, the text is ideal for entrepreneurs, consultants, lawyers, accountants, and commerce students looking for a reliable Marathi reference on business partnerships. Published by Nasik Law House, the book ensures accuracy, practical applicability, and a strong legal foundation for individuals working with partnership firms in Maharashtra.