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of <h1>Section 73 of Indian Partnership Act, 1932, omitted; impacts on partnership operations and compliance.</h1> Section 73 of the Indian Partnership Act, 1932, is omitted, indicating that it is no longer applicable or has been repealed. The Act governs the formation, operation, and dissolution of partnership firms in India, providing a legal framework for partners to conduct business collectively. The Act includes various provisions on the rights and duties of partners, the registration of firms, and the consequences of non-registration. It is essential for partners to be aware of their legal obligations and the implications of the Act to ensure compliance and avoid disputes.
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