If four out of five partners decide to leave a partnership firm, the firm will indeed be dissolved. The process involves drafting a Dissolution Deed and surrendering the firm's PAN card. You have the option to either dissolve the firm completely or continue the business under the same name with new partners.
27 August 2021
there are 5 partners if 4 of them decide to discontinue with the firm then will the partnership firm will be dissolved. and what is the procedure to dissolve?