https://www.taxtmi.com/caselaws?id=199595 A partnership arrangement for conducting opium and poppy-head business is not void merely because one partner holds the statutory licence, provided the agreement does not transfer or sub-let the licence and the non-licensee partners do not themselves trade in breach of the governing statute or rules. Such an arrangement may involve sharing profits, losses and capital contribution without offending section 23 of the Indian Contract Act, 1872 or the rules under section 5 of the Opium Act, 1878. Where the essential elements of partnership are otherwise satisfied, the relationship remains valid and enforceable rather than contrary to public policy. en-us Thu, 09 Feb 1961 00:00:00 +0530 Wed, 07 Mar 2018 14:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199595 A partnership arrangement for conducting opium and poppy-head business is not void merely because one partner holds the statutory licence, provided the agreement does not transfer or sub-let the licence and the non-licensee partners do not themselves trade in breach of the governing statute or rules. Such an arrangement may involve sharing profits, losses and capital contribution without offending section 23 of the Indian Contract Act, 1872 or the rules under section 5 of the Opium Act, 1878. Where the essential elements of partnership are otherwise satisfied, the relationship remains valid and enforceable rather than contrary to public policy. Case-Laws Indian Laws Thu, 09 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199595