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DISSOLUTION OF PARTNERSHIP FIRM
MEANING: Dissolution of partnership means discontinuance
of relationship between partners.
Dissolution without the
interference of the court
Dissolution by the order of
court
Conditions of dissolution of
firm
Dissolution without the interference of the
court
Dissolution
by
agreement
Compulsor
y
dissolution
Dissolution on
the happ...
Dissolution by the
agreement
When all the partner of the firm agree to
dissolve the partnership firm business, it is
calle...
Compulsory
dissolution
There is compulsory dissolution of partnership firm under the following circumstance:
 By the adju...
Dissolution on the happening of certain
events
On the expiry of the period for which a partner
ship firm was formed
On the...
Dissolution by
Notice
When the duration of the partnership business is not fixed and the partnership
is at will, the firm ...
Dissolution by the order of
court
Permanent
incapacity
Continuous
loss
Insanit
y
Just and
equitable
ground
Persistent
disr...
Insanity
If a partner ( not a sleeping partners has become
of unsound mind, then court may allow dissolution
of firm
Permanent
incapacity
If a partner ( not a sleeping partners) has become
permanently incapable of performing of his duties
...
Misconduct of partners
When any partner is guilty of any misconduct which is
likely to adversely affect the carrying on bu...
Persistent disregard of
partnership agreement by a
partner
When a partner willfully or persistently commits breech
of agre...
Continuous loss
When a firm is working in continuous
loss, any partner may apply to court
for dissolution of firm.
Transfer of interest
When a partner has transferred the whole of his interest
in the firm to a third party then any other ...
Dissolution of partership firm
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Dissolution of partership firm

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Dissolution of partership firm

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Dissolution of partership firm

  1. 1. DISSOLUTION OF PARTNERSHIP FIRM MEANING: Dissolution of partnership means discontinuance of relationship between partners.
  2. 2. Dissolution without the interference of the court Dissolution by the order of court Conditions of dissolution of firm
  3. 3. Dissolution without the interference of the court Dissolution by agreement Compulsor y dissolution Dissolution on the happening of certain events Dissolution by Notice Expiry of the period Death of partner Insolvenc y of a partner Fulfillment of the object for which the partner ship firm was formed
  4. 4. Dissolution by the agreement When all the partner of the firm agree to dissolve the partnership firm business, it is called dissolution by agreement
  5. 5. Compulsory dissolution There is compulsory dissolution of partnership firm under the following circumstance:  By the adjudication of all partners or all except one becoming insolvent. Or  By the business of the firm becoming unlawful due to the happening of any such event.
  6. 6. Dissolution on the happening of certain events On the expiry of the period for which a partner ship firm was formed On the insolvency of a partner On the death of partner On the fulfillment of the object for which the partnership firm was formed
  7. 7. Dissolution by Notice When the duration of the partnership business is not fixed and the partnership is at will, the firm may be dissolved by any partner, giving notice in writing to all the other partners of his intention to dissolve the firm.
  8. 8. Dissolution by the order of court Permanent incapacity Continuous loss Insanit y Just and equitable ground Persistent disregard of partnership agreement by a partner Misconduct Transfer of interest
  9. 9. Insanity If a partner ( not a sleeping partners has become of unsound mind, then court may allow dissolution of firm
  10. 10. Permanent incapacity If a partner ( not a sleeping partners) has become permanently incapable of performing of his duties as partner, then court may allow dissolution of firm
  11. 11. Misconduct of partners When any partner is guilty of any misconduct which is likely to adversely affect the carrying on business the court may allow dissolution of firm.
  12. 12. Persistent disregard of partnership agreement by a partner When a partner willfully or persistently commits breech of agreement which regard to matters relating to the business of the firm , any other partner may apply to court for dissolution of firm
  13. 13. Continuous loss When a firm is working in continuous loss, any partner may apply to court for dissolution of firm.
  14. 14. Transfer of interest When a partner has transferred the whole of his interest in the firm to a third party then any other partner may apply to court for dissolution.

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