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Question
State any four situations in which court may order to dissolve a Partnership Firm.
State any four situations in which court may order to dissolve a Partnership Firm.
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Solution
(i) When a partner is deemed to be of unsound mind.
(ii) When a partner becomes permanently incapable of performing his normal duties.
(iii) When a partner is found guilty of misconduct in carrying out the business.
(iv) When a partner willfully or persistently violates the agreement of partnership.
(i) When a partner is deemed to be of unsound mind.
(ii) When a partner becomes permanently incapable of performing his normal duties.
(iii) When a partner is found guilty of misconduct in carrying out the business.
(iv) When a partner willfully or persistently violates the agreement of partnership.
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