Partnership
This query is : Resolved
21 January 2016
Can there be any clause in partnership deed that any one partner can expel other partners whenever he wants.
26 January 2016
Partnership is by mutual consent of partners. Partners are not employees to expel by another partner. Any inclusion of such clause in violation of the Partnership Act, 1932 voids the contract / agreement of partnership.
Please refer section 33 and 32 of the Act. Deed cannot make only one partner liable for expulsion but deed can make it applicable of such expulsion terms equally to all the partners.
Please refer section 33 and 32 of the Act. Deed cannot make only one partner liable for expulsion but deed can make it applicable of such expulsion terms equally to all the partners.
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