State any three conditions when court may order a partnership firm to be dissolved
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Hello Mortals
Three conditions are :-
|> When partnership is done for illegal purpose like as kidnapping or smuggling.
|> When in partnership one of the partner is from foreign country which is our enemy country.
|> When number of partner exceeds from it's maximum limit.
Three conditions are :-
|> When partnership is done for illegal purpose like as kidnapping or smuggling.
|> When in partnership one of the partner is from foreign country which is our enemy country.
|> When number of partner exceeds from it's maximum limit.
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Dissolution by Agreement: A business firm can be terminated by an arrangement among all the associates. The Indian Partnership Act, which is mentioned under section 40 1932 concedes the adjournment of a business firm if all the companion's consent to terminate it.
Dissolution by Notice; If a partnership is at discretion, it can be terminated by any associate giving notification to other associates. The notification for dismissal must be written on paper.
A partnership firm is terminated in the situation of the occurrence of death of any of the associate who is in contact with the firm.
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