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Dissolution or retirement

hozefa (Student) (39 Points)

13 August 2021  

If there is partnership firm having two partners A & B but they want to give their business to their sons C & D and they create ONLY ONE reconstitution of firm deed where in two partners admitted i.e. C & D and two partners are retired i.e A & B. so it is legal or not. I want to know it is dissolution of firm or not?

 2 Replies

Sourav (Student) (23754 Points)
Replied 13 August 2021

No it is not dissolution of firm

hozefa (Student) (39 Points)
Replied 13 August 2021

Sir can you give reference of law

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