Question

In context of the Partnership Act, 1932, bring out the distinction between the ‘Dissolution of Partnership’ and the ‘Dissolution of Firm’. Also explain the different modes of dissolution of a firm.

28 Feb 2024
Answer :
Word Count : 690

The Partnership Act, 1932, draws a distinction between the "Dissolution of Partnership" and the "Dissolution of Firm." These terms, though related, have distinct meanings and consequences. Here's a tabular representation to highlight the key differences:

  
Aspect Dissolution of Partnership Dissolution of Firm
Definition It refers to the termination of the relationship between all the partners in a firm. It refers to the termination of the legal existence of the firm itself.
Effect The partnership is dissolved, but the firm may continue its business. The firm ceases to exist as a legal entity.
Continuing Business The remaining partners can continue the firm's business by mutual agreement. The firm cannot continue its business after dissolution.
Liability Partners remain liable for acts done before dissolution. The _________ _______ ______ ______ ___ ___ ______.
______ _________ ________ _______ ____ ______ ___.
_____ ________ ________ ____ ________ _____ ____.
______ _____ ________ ________ ________ __________ _________ ___.
____ ______ ____ ___ ____.
_______ _________ _____ ___ _________ __________ ____ ____ ___ ________ _________.
_____ ________ ______ ________ ____ _____ _________ ______ _________ ___ _____.
_______ ______ _____ _______ _____ __________ __________ ___ __________ ______ _______ _________.
______ ________ _______ ______ ________.
____ ____ ___ _______ ____ ______ ________ ________.
______ _______ _______ __________ ___ __________.
____ __________ ________ __________ ______ ___ ___ _________.
___ ____ ____ ________ _______ ___ ______ __________ ____ ________ ________.
______ ___ _____ _____ _____ _________ _________ ______ ________ _________.
_____ _________ ______ __________ _______ ____.
________ ________ ___ ______ __________ ________ ________ __________ _______ ________.
___ ________ ______ ___ ___ _____ ___ ___ ________ ___ __________.
_________ _____ __________ ___ ___.
_______ ___ __________ ___ ___ ___ __________ __________ _________ __________ ___.
___ ___ _________ ____ ___ ________ ___ ______ __________ _______.
_________ ___ _______ _________ _______ ___ ______.
______ ______ ___ ______ _______ _______ ______ ______ ___ ______.
_____ ______ ______ __________ ______ ____ ____ ______ __________.
______ _____ _________ _______ _________ ___ ________ ___ ___.
____ __________ __________ _____ __________ ____ _________ ____ ___ _________.
_______ _______ ___ _______ ____ _______ __________.
___ _______ ____ _____ _______ ______ ___ _________ _____ ____.
__________ ___ ____ ____ ___ _________.
____ _______ ___ __________ ______ _____ _______ _________ ________ ________.
_____ ______ ____ ________ _______ ___ __________ _______ ____.
________ ___ _____ _____ _______ __________ _________ _______ ______ _______.
_________ _______ ___ _______ _________ ____ ____ _____ ________.
_______ ______ _________ __________ _______ _____ ______ _______ _________ ________.
____ _____ _______ _________ __________ ____ _______ _______ _________ ____ _______ ___.
____ ____ __________ ___ ____ _______ _______ ________ __________ ______.
__________ __________ ________ _____ _________ _____ _________ _______ __________ _____ _________ _________.
_________ _________ _____ _______ __________ _______ __________ ______ ______ ________.
_________ _______ _______ _____ ________ ____ ______ ______ _____ ______ _____.
_____ _____ ______ _________ ____.
________ _________ _____ ____ _______ ___ __________ ______ __________.
__________ ________ _________ ________ _______ _______ ____ ___ ______ ______ __________ _____.
______ _____ ____ _________ _____ ___ ______ _____ _________.
_______ __________ _____ ________ ___.
______ ______ _______ _______ __________ _______ ______ ____ __________ __________ _______.
_____ ________ ____ ____ _______.
___ _____ _______ __________ __________ _______ ________ _____ _________ ___ _________.
________ _________ _______ ___ _______.
______ _____ __________ _________ _______ _____.
_________ ______ _____ ________ _____ ________ __________.
___ ______ __________ ___ ______ ________ ______ ________ _________.
___ _____ __________ ______ _____ _________ ___ _______ _____ _________ _____.
______ _________ _______ _____ __________ _______.
____ __________ __________ _________ ______ _________ _______ ______ ____ _________ ___.
________ ______ _____ __________ ___ __________ _________ _____ _____ ____ ________ _________.
_______ ___ ________ ______ ___ _____ _________ __________ ___ _________ ____ _____.
_____ _______ ______ ___ ______ __________ _________ ______ _____ ________ ___ ______.
_________ _________ ______ __________ _____ ___ _________ ___ _______.
____ _________ ___ _________ ___ _______ ________ _______ _____ ___ ___.
___ _____ ________ _____ _____ _________ ____ ______ __________ ________ _______ ______.
__________ __________ ____ ______ ___ _______ _________ _______ ________ ______ ______ _______.
_______ ___ _________ ___ ________.
______ ______ _______ __________ _________.
Get Full Answer on WhatsApp
Related Questions

Discuss the various sources from which Business Law has evolved. Also, explain in detail the objectives and scope of Business law.

What are the types of transaction recognized under the FEMA, 1999? State and discuss the regulations that govern each type of transaction under the FEMA, 1999.

In context of the Partnership Act, 1932, bring out the distinction between the 'Dissolution of Partnership and the 'Dissolution of Firm'. Also explain the different modes of dissolution of a firm.

Discuss about the 'Puttaswamy Vs. Union of India' case in detail and state why it is considered as the landmark decision in context of the Right to Privacy in India?

Critically examine Air (Prevention and Control of Pollution) Act, 1981 and the Water (Prevention and Control of Pollution) Act, 1974 and comment on how far these Acts are effective in addressing the Pollution problem in India.

In context of the Partnership Act, 1932, bring out the distinction between the ‘Dissolution of Partnership’ and the ‘Dissolution of Firm’. Also explain the different modes of dissolution of a firm.

Discuss the various sources from which Business Law has evolved. Also, explain in detail the objectives and scope of Business law.

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers
Login Cart
IGNOU NEWS
Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★
Top