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Murali Krishna   06 April 2020

dissolution of partnership firm

a partner in a firm of 3 partners can dissolve the firm and start a proprietary in same name? the firm is unregistered partnership firm


 3 Replies

Advocate Suneel Moudgil (Advocate)     06 April 2020

1. a firm can be dissolved by all partners,

2. a single partner can only leave the firm,

3. starting of new business in the same name depends upon the contents of the partnership deed

kavksatyanarayana (subregistrar/supdt.(retired))     06 April 2020

A firm by a partner out of 3 partners cannot be dissolved even it is unregistered.  A single partner wishes to retire from the partnership business, he may retire from it.  Starting a new firm business with the same name is objectionable.  If he wishes to start a proprietary business he may do with the same name but not partnership business.

Varun Singh Kalra   17 May 2020

Hello Murali, 

Your query has been answered by Advocate Vaibhav Kalra in this youtube video - https://www.youtube.com/watch?v=2-iyVqsW4kg from  -  54.18 - 57.25

LAWyersClubIndia is coming with many more such Quick Query Resolution sessions for the querists looking for legal advice!

Hope you find this useful!
 


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