If there is partnership firm having two partners A & B but they want to give their business to their sons C & D and they create ONLY ONE reconstitution of firm deed where in two partners admitted i.e. C & D and two partners are retired i.e A & B. so it is legal or not. I want to know it is dissolution of firm or not?
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 August 2021
No it is not dissolution of firm
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