Partnership dissolution

Others 931 views 2 replies

CASE - Partnership firm XYZ have 3 partners. One of the partner has done fraud and is underground as many police complaints has been registered by the clients he handle with. The other two partners decided to dissolve the firm as they were kind of sleeping partners. So my question is CAN they dissolve their partnership?? if yes, please mention the steps.

(Partnership deed is registered and it is at will)

Replies (2)
Dear sir, in partnership minimum 2 partner is required. If both the sleeping partner retires the firm will automatically get dissolved. For steps of dissolution i suggest you to put your query in expert column in site or wait for more replies. Regards
Thanks for your reply.. Will post again in experts coloumn


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