1.

14. When is the partnership firm dissolved by itself?​

Answer»

Answer:

A firm may be dissolved under the FOLLOWING circumstances: (a) DISSOLUTION by Agreement (Section 40): A partnership firm can be dissolved by an agreement AMONG all the partners. Section 40 of Indian Partnership Act, 1932 ALLOWS the dissolution of a partnership firm if all the partners AGREE to dissolve it.



Discussion

No Comment Found

Related InterviewSolutions