Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

Dissolution of Partnership

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  • Dissolution of firm
  • Dissolution of partnership
  • Dissolution of Partnership can take the following forms
  1. Change in the existing profit sharing ratio
  2. Admission of a Partner
  3. Retirement or Death of a Partner
  4. Insolvency of a partner
  5. Expiry of the term of the partnership
  6. Completion of the specified venture
  7. Dissolution by agreement
  • Dissolution of a partnership firm is taken place in two ways
  1. Without the order of the court
  2. Dissolution through court
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