Question

in case of retirement of a partner the dues can be​

Answer 1

Answer:

The Supreme Court stated that on retirement of a partner, the reconstituted firm would continue and the retiring partner would be paid his dues in terms of Section 37 of the Act. In the case of dissolution of a partnership firm, the accounts would have to be settled and distributed as per Section 48 of the Act.

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Answer 2

Answer:

The Supreme Court stated that on retirement of a partner, the reconstituted firm would continue and the retiring partner would be paid his dues in terms of Section 37 of the Act. In the case of dissolution of a partnership firm, the accounts would have to be settled and distributed as per Section 48 of the Act.

Explanation:

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