Q: What are the conditions in which the court can dissolve the partnership firm ?
Ans: According to section 44 of partnership act, there are certain conditions in which the court can dissolve the partnership.
These conditions are as follows:
1. Unsound mind.
2. Permanent Incapacity/ Insolvent Partner
3. Misconduct of any partner
4. Persistent breach of contract
5. Transfer of interest : If there is continuous transfer of interest, the firm can be dissolved.
6. Continuous or Perpetual losses
7. Other Justice and Equitable reason.
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