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प्रश्न
When is a partner liable for debts incurred by the firm after his retirement?
लघु उत्तर
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उत्तर
A retiring partner remains responsible for the firm's debts incurred after their retirement until a public notice of their retirement is issued by them or any of the remaining partners. However, the retiring partner will not be held liable to any third party who engages with the firm without knowledge of their retirement. [Sec 32 (3) & (4)]
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