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?