banner_ad

Partnership dissolution

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 July 2014 If a partner is insolvent and firm is sold to a company then will the insolvent partner get a share in the shares issued by the company??
Profile Image

CA UMESH DULAL

Profile Image

CA UMESH DULAL (Expert)
28 July 2014 if his assets are more than his liability, then there is no way the partner becomes insolvent.

If his assets are less than his liability, then there is question of insolvency. If he becomes insolvent, he is disqualify to enter into agreement, so in that case, he is not entitled to share of company...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details