what is Dissolution of Partnership?
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Dissolution of partnership means a process by which the relationship between the partners is terminated and comes to an end and all the assets, shares, accounts and liabilities are disposed of and settled. Section 39 of the Indian Partnership Act, 1932 defines the dissolution of the firm.
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Explanation:
When a partner is not satisfied by business or he is irritated by the other partners he use the partnership register and can bring the business to end. It's is know to be the Dissolution of partnership
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