Partnership Act, 1932

Section 32- Legal status of the partnership firm Under the Partnership Act, a partnership has not been given any legal status. It is not a juristic person and the independent status given to the partnership firm under the Act has to be limited only for the purposes of that.

A firm is not an entity or 'person' in law but is merely an association of individuals and a firm name is only a collective name of those individuals who constitute the firm. In other words, a firm name is merely an expression, only. a compendious mode of designing the persons who have agreed to carry on business in partnership. Dine Ara & others VS Bangladesh Rubber Industries & others, [1 LM (AD) 91]