Hindu Law and Custom (Recht und Sitte) c8.194

c8.194

Also companies, guilds and corporations of all sorts shall enjoy the special protection of the king. The law of partnership has however been developed only in the later Smṛtis, apparently in connection with the religious brotherhoods and associations which are already mentioned in the older works. Thus Vi. 5, 167 speaks of the punishment for the embezzlement of articles belonging to a religious corporation (gaṇa). M. 8, 206—211, in agreement with the Śrautasūtras, sets forth the division of the sacrificial fee (dakṣiṇā) in the ratio of 48 : 24 : 16 : 8 among the four classes of sacrificial priests and declares this scheme to be generally Law of trade guilds fully described in later works.