Dissolution of Firm on death of Partner
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2011
A Partnership Firm had 2 partners.One of the partner has deceased.On death of the partner, whether the Firm stands dissolved automatically or a dissolution deed has to be executed with the legal heir of the deceased partner in order to dissolve the Firm.
Guest
Guest
(Expert)
07 July 2011
the firm shall stand dissolved authomatically unless specifically provided in Partnership deed..
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