Can a partnership firm compulsorily dissolved?

Business Strategist

Can a partnership firm compulsorily dissolved if partnership has various adventures and one of such adventure becomes illegal?

 
Reply   
 

Hello,

Partnership have terms and conditions mentioned in the agreement. Any partner can have other businesses as per his wishses unless there are any restriction. 

 
Reply   
 


Online Legal Service

As and when the activity carried on by the partnership firm becomes illegal, it shall discontinue the business under partnership or amend the partnership deed by removing said business activity from the clause.

If the business numerous business activities are independent to each other i.e. the other activities are not dependent on the illegal activity, it can be continued.

However, if other activities are associated or dependent on illegal activity, the activities shall be discontinued by the firm. In this situation, the firm shall dissolve or change the business activities in the deed with necessary alternation in business structure.

In any case, one shall not carry on any illegal activity under the partnership firm.

 
Reply   
 

 

It is important for custom homework writing service seekers to find the best College Homework Writing Services from a homework research writing service provider for their college homework writing help services. 

 
Reply   
 

Hiya very cool web site!! Man ...Superb .. I’ll bookmark your site and take the feeds additionally? McAfee is quick and easy to install, and registration speed is highly praised by users worldwide. how to activate McAfee | How to uninstall or disable McAfee webadvisor |

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Forensics & Evidence     |    x