What is meant by retirement of a partner?
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Answered by
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Retirement of a partner means that the partner has retired and crossed or reached the age of 60.
In India, a person is retired when he touch the age of 60.
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Answered by
2
when a person leaving the partnership firm it is known as retirement of a partner
retirement it doesn't mean that he should complete the age of 60 years.
if a partner is not satisfied also he can retire or leave the organisation.
hope you have understood..
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