Menu
Dissolution of Partnership Firm
A partnership firm is to be dissolved and all the assets and liabilities are to be segregated among partners, but there is one loan from Bank in the name of firm for which ecs is with firm bank account, can we put in clause saying that bank account will be maintained for the purpose of loan and partners will contribute equally to meet the loan in dissolution deed?
Replies (2)
No; the loan/liability is to be cleared first; unless bank gives written permission for transfer of liability over any partner..
Thank you.....
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
