The chapter discusses the dissolution of a partnership firm, which occurs when any change happens in the relation of the partners that results in the partnership being terminated. Dissolution can happen due to various reasons such as the expiry of partnership period, death or insolvency of a partner, a partner giving notice, or the partnership being illegal. When a firm is dissolved, it ceases to exist and its business must be wound up.
The chapter discusses the dissolution of a partnership firm, which occurs when any change happens in the relation of the partners that results in the partnership being terminated. Dissolution can happen due to various reasons such as the expiry of partnership period, death or insolvency of a partner, a partner giving notice, or the partnership being illegal. When a firm is dissolved, it ceases to exist and its business must be wound up.
The chapter discusses the dissolution of a partnership firm, which occurs when any change happens in the relation of the partners that results in the partnership being terminated. Dissolution can happen due to various reasons such as the expiry of partnership period, death or insolvency of a partner, a partner giving notice, or the partnership being illegal. When a firm is dissolved, it ceases to exist and its business must be wound up.