A court can order the dissolution of the partnership firm in the following cases except ___________.
A
when a partner transfer his share to a third party without the consent of other partners
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B
on the death of partner
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C
when the number of partner exceeds 20
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D
on the expiry of the period for which it was formed
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Solution
The correct option is A when a partner transfer his share to a third party without the consent of other partners According to the provisions of the Indian Partnership Act, 1932, a court can order the dissolution of the partnership firm in the following cases:
On the death of the partner.
When the number of partner exceeds 20.
On the expiry of the period for which it was formed.
When a partner transfer his share to a third party without the consent of others only the partner is dissolved from the firm and not the whole firm.