In which circumstances compulsory dissolution is happen? – InterviewSolution

1.

In which circumstances compulsory dissolution is happen?

Answer»

Compulsory dissolution can happen in following circumstances :

When firm’s business becomes Illegal.
When any partners should resident of enemy country.
When all or except one partner are declared insolvent.
If no, of partners are excess in general partnership 50 or in banking business 20.
When court orders dissolution of a firm.

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