Question

Partner may retire from the firm _____________.

• A. with the consent of all the partners
• B. in accordance with an express agreement by the partners
• C. when the partnership is at will by giving notice in writing to all other partners of his intention to retire
• D. all of the above

Answer 1

The correct option is D all of the above

Section 32(1) of the Indian Partnership Act, 1932 deals with the provisions of the admission and retirement of a partner. It states that a partner may retired from the firm any of the below circumstances:

1. With the consent of all the partners.
2. In accordance with an express agreement by the partners.
3. When the partnership is at will by giving notice in writing to all other partners of his intention to retire.