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Dissolution oF Firms Section 39 of the Indian Partnership Act, provides that the dissolution of the partnership between all the partners of a firm is called the dissolution of a firm. It implies the complete break down of the relation of partnership between all the partners.

What does company dissolution mean? To dissolve a company, which is also known as 'dissolution' or 'striking off', is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists.

In the dissolution of partnership firm, the partners may by agreement provide for the continuance of the firm after its dissolution by death, lunacy or insolvency of any partner. In such cases the firm is reconstituted without any dissolution.

Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to dissolve the firm.

What is the difference between dissolution and termination of an entity?Dissolution is the winding up of the affairs of the entity in advance of the termination of the entity. Termination of the entity occurs when the entity ceases to legally exist.

1 : the act or process of dissolving: such as. a : separation into component parts. b(1) : decay, disintegration.

Dissolving is when the solute breaks up from a larger crystal of molecules into much smaller groups or individual molecules. This break up is caused by coming into contact with the solvent.They do this by pulling away the ions and then surrounding the salt molecules. Each salt molecule still exists.

Notice Of Dissolution

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