Dissolution of partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2013
is partnership firm entitle to compulsory dissolution, if its capital account suffer debit balance i.e negative capital a/c. the same is due to excessive withdrawal of funds from firm by partners and which is last for 2 months.
what is the consequence please any body help.
what is the consequence please any body help.
21 June 2013
https://www.mightylaws.in/327/dissolution-partnership-firm
read this link...
read this link...
P B Srivathsan
(Expert)
21 June 2013
Mere fact that there is negative capital cannot result in dissolution.
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