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[Cites 0, Cited by 0] [Section 19] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 19(2) in The Jammu and Kashmir State Partnership Act, 1996

(2)In the absence of any usage or custom of trade to the contrary, the implied authority of a partner does not empower him to-
(a)submit a dispute relating to the business of the firm to arbitration.
(b)open a banking account on behalf of the firm in his own name.
(c)compromise or relinquish any claim or portion of a claim by the firm,
(d)withdraw a suit or proceeding filed on behalf of the firm,
(e)admit any liability in a suit or proceeding against the firm,
(f)acquire immovable property on behalf of the firm,
(g)transfer immovable property belonging to the firm, or
(h)enter into partnership on behalf of the firm.