Dissolution of a partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2012
In a Partnership firm, 3 partners are there and can one partner dissolve the firm intentionally? (The other 2 partners are not unsound person, they are not doing any illegal work and their is no any insolvency of partners)
17 February 2012
hello,
if there is a provision has been made in partnership deed that on retirement of one partner, the other partners can continue the firm then they can continue the existing firm by amending the deed accordingly, otherwise remaining partners have to dissolve the existing firm and establish a new partnership firm by constituting a new partnership deed.
if there is a provision has been made in partnership deed that on retirement of one partner, the other partners can continue the firm then they can continue the existing firm by amending the deed accordingly, otherwise remaining partners have to dissolve the existing firm and establish a new partnership firm by constituting a new partnership deed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- TDS Return Q1 FY 2026-27
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
