What are the modes of dissolution of partnership firm 2?
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DISSOLUTION WITHOUT THE INTERVENTION OF COURT
1. Dissolution by consent of all the partners.
2.Dissolution by contract between the partners
3. Compulsory Dissolution
a.Insolvency of all the partners
b.The business of the firm being unlawful
4.Dissolution on happening of certain contingencies
a.Expiry of fixed term
b.completion of the adventure or undertaking
c.death of partner
d.insolvency of a partner
5. Dissolution by notice.
DISSOLUTION WITH THE INTERVENTION OF COURT
1.Insanity of a partner
2.Permanent incapacity of a partner.
3.Misconduct of a partner
4.Persistent breach of agreement
5.Transfer of Interest
6.Perpetual losses in business
7.Other just and equitable grounds.
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