Firm Of 2 partner Dissolution

-Partnership .... Firm  of  2 partners  ....Dissolution  

                              

- Basically partnership  firm must have at least 2 partners. 

- If partnership firm have only 2 partners and 1 has  agreed to retire,  then the retirement amounts to dissolution of the firm. 

- Retirement of a partner and dissolution of a partnership firm are different to each other. 

- In retirement reconstituted firm and retiring partner is to be paid his dues.

- In dissolution accounts have to be settled and distributed as per the mode. 

= = Relevant Provision = =

- Partnership Act 1932

- - - Relevant Judgement - -  - -

- Guru  Nanak Industries,  Faridabad  and Anr v/s Amar Singh (Dead) Thr. Lrs. 2021 SAR 183.

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