Legal Consequences of Partners Coming in and Going Out
Lead author · Corresponding
Vidhi Sharma
Advocate at Calcutta High Court, India
Co-author
Poulomi Ojha
Advocate at Fast Info Legal Services, Kolkata, India
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DOIhttp://doi.one/10.1732/IJLMH.26040
Abstract
Even a slight change in the relationship between partners in a firm would result in reconstitution of the firm, thus whenever a new partner is introduced or when an existing partner is removed from the partnership firm, a firm is bound to be reconstituted. The article talks about the legal consequences of the addition of/ removal of partners in a partnership firm as stated in the Indian Partnership Act, 1932.
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