Section 44 Indian Partnership Act Section 44 of the Indian Partnership Act 1932 is about Dissolution by the Court. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by the Court. At the suit of a partner, the Court may dissolve a firm on any of the following grounds, namely:– (a) that a partner…

Section 43 Indian Partnership Act Section 43 of the Indian Partnership Act 1932 is about Dissolution by notice of partnership at will. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by notice of partnership at will. (1) Where the partnership is at will, the firm may be dissolved by any partner giving notice…

Section 42 Indian Partnership Act Section 42 of the Indian Partnership Act 1932 is about Dissolution on the happening of certain contingencies. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution on the happening of certain contingencies. Subject to contract between the partners a firm is dissolved– (a) if constituted for a fixed term,…

Section 41 Indian Partnership Act Section 41 of the Indian Partnership Act 1932 is about Compulsory dissolution. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Compulsory dissolution. A firm is dissolved– (a) by the adjudication of all the partners or of all the partners but one as insolvent, or (b) by the happening of…

Section 40 Indian Partnership Act Section 40 of the Indian Partnership Act 1932 is about Dissolution by agreement. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution by agreement. A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

Section 39 Indian Partnership Act Section 39 of the Indian Partnership Act 1932 is about Dissolution of a firm. It is under CHAPTER VI (Dissolution of A Firm) of the Act. Dissolution of a firm. The dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

Section 38 Indian Partnership Act Section 38 of the Indian Partnership Act 1932 is about Revocation of continuing guarantee by change in firm. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Revocation of continuing guarantee by change in firm. A continuing guarantee given to a firm, or to a third party in respect of…

Section 37 Indian Partnership Act Section 37 of the Indian Partnership Act 1932 is about Right of outgoing partner in certain cases to share subsequent profits. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Right of outgoing partner in certain cases to share subsequent profits Where any member of a firm has died or…

Section 36 Indian Partnership Act Section 31 of the Indian Partnership Act 1932 is about Rights of outgoing partner to carry on competing business. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Rights of outgoing partner to carry on competing business. (1) An outgoing partner may carry on a business competing with that of…

Section 35 Indian Partnership Act Section 35 of the Indian Partnership Act 1932 is about Liability of estate of deceased partner. It is under CHAPTER V (Incoming And Outgoing Partners) of the Act. Liability of estate of deceased partner. Where under a contract between the partners the firm is not dissolved by the death of a partner, the…