Section 56 of IPA : Section 56: Power To Exempt From Application Of This Chapter

Explanation using Example

Imagine the government of the state of Karnataka decides that the provisions related to the registration of partnerships in the Indian Partnership Act, 1932 are not suitable for the current economic climate of their state. To foster a more business-friendly environment, the Karnataka State Government issues a notification in the Official Gazette stating that certain provisions of the Act, such as the necessity for partnerships to register, will no longer apply within the state. This means that in Karnataka, businesses can now operate as partnerships without going through the formal registration process that might be required in other states.