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Dissolution of partnership firm

This query is : Resolved 


Querist : Anonymous

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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.

21 June 2013
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21 June 2013 Mere fact that there is negative capital cannot result in dissolution.

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