If one partner in a two-partner CA firm passes away, the firm's closure is automatic and doesn't require the consent of the surviving partner. The legal heirs of the deceased partner cannot file a complaint regarding the firm's closure, as it is a predetermined outcome in such circumstances.
19 December 2023
If in a CA firm with 2 partners. If one partner dies, is existing partner consent needed to close the firm? Can existing partner file a complaint if legal heir of deceased partner apply for firm closure?