can any1 here describe me the meaning of dissolution of partnership
what is the difference between dissolution and winding up
Thanks
C.A. LINESH PATIL (CA) (910 Points)
29 September 2010can any1 here describe me the meaning of dissolution of partnership
what is the difference between dissolution and winding up
Thanks
Priyanka sah
(Students)
(108 Points)
Replied 29 September 2010
Dissolution means discontinuation. Dissolution may be of (i) Partnership and (ii) may be of firm
(i) discontinuation of partnership means change is relationship of partner
(ii) discontinuation of firm means closer of business
Winding up is the procedure of to complete the dissolution of firm (not partnership) i.e appointment of liquidator sale of assets repaument of liabiltity etc.
Originally posted by : Priyanka sah | ||
![]() |
Dissolution means discontinuation. Dissolution may be of (i) Partnership and (ii) may be of firm (i) discontinuation of partnership means change is relationship of partner (ii) discontinuation of firm means closer of business Winding up is the procedure of to complete the dissolution of firm (not partnership) i.e appointment of liquidator sale of assets repaument of liabiltity etc. |
![]() |
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)