CA Foundation doubt
Do partnership firm has to dissolve if a person dies? And what if a person becomes insolvent?
Asked by Abhi21 Jun 2024385 views
3 answers
Prajwalith · 21 Jun 2024
yeah you can reffer dissolution without the courts order
CA · 21 Jun 2024
In both the cases, if any partner becomes insolvent or dies then it is at the remaining partners will either to continue or to dissolve the partnership firm
IDOT · 21 Jun 2024
If one dies, the firm dissolves, but the surviving partner will continue the firm,
Free app · 5 lakh+ learners
Ask your doubt in the Studycaller app
Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.