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dissolution

C.A. LINESH PATIL (CA) (910 Points)

29 September 2010

can any1 here describe me the meaning of dissolution of partnership

what is the difference between dissolution and winding up

Thanks

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2 Replies

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.

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(Guest)

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.