Business Studies, asked by apurva5327, 1 year ago

2 acc - ch 6 - when a firm gets compulsory dissolved ?

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Answered by sachinarora2001

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Compulsory Dissolution (Section 41)

An event can make it unlawful for the firm to carry on its business. In such cases, it is compulsory for the firm to dissolve. However, if a firm carries on more than one undertakings and one of them becomes illegal, then it is not compulsory for the firm to dissolve.

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