1.—(1) Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.
(2) But the relation between members of any company or association which is —(a)
registered as a company under the Companies Act 1967 or under any previous corresponding law; or
(b)
formed or incorporated by or in pursuance of any other Act of Parliament,
is not a partnership within the meaning of this Act.
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