Under the Indian Partnership Act, 1932, public notice of retirement may be given by:

Section 32(4) provides that public notice of retirement "may be given by the retired partner or by any partner of the reconstituted firm". Until such notice is given, s.32(3) keeps the retired partner liable to third parties for acts that would have been acts of the firm before his retirement. The proviso excludes a third party dealing without knowing the retired person had been a partner.