Indian Partnership Act, 1932
This query is : Resolved
SHEKHAR AGARWAL
(Querist)
19 July 2021
In a partnership of 4 partners (partnership is at will), 3 of the partners have received notice by one of the partner that the firm will be dissolved from 31st July?
Should they reply to the notice?
What are the legal remedies available to them if they want to continue the firm?
*Partnership deed is notarized and not registered
Should they reply to the notice?
What are the legal remedies available to them if they want to continue the firm?
*Partnership deed is notarized and not registered
CA R SEETHARAMAN
(Expert)
20 July 2021
No need for any reply.
Dissolve the firm, form new partnership with the 3 partners and take over the existing business after payment of dues to the retired partner.
Dissolve the firm, form new partnership with the 3 partners and take over the existing business after payment of dues to the retired partner.
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