14. When is the partnership firm dissolved by itself?
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A firm may be dissolved under the following circumstances: (a) Dissolution by Agreement (Section 40): A partnership firm can be dissolved by an agreement among all the partners. Section 40 of Indian Partnership Act, 1932 allows the dissolution of a partnership firm if all the partners agree to dissolve it.
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ᏗᏁᏕᏇᏋᏒ:
- ❇️ A firm may be dissolved under the following circumstances: (a) Dissolution by Agreement (Section 40): A partnership firm can be dissolved by an agreement among all the partners. Section 40 of Indian Partnership Act, 1932 allows the dissolution of a partnership firm if all the partners agree to dissolve it.
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