Tag: Supreme Court on retirement of One Partner
June 4, 2020
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Supreme Court on Retirement of One Partner in a Partner...
Partnerships in India are governed by the Indian Partnership Act, 1932 ("Act"). The Act defines partnership as 'The relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all'. The Act while laying down the provisions with respect to rights and duties of the partners also details the consequences of retirement of a partner and dissolution of a partnership firm....