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Legal Consequences of Partners Coming in and Going Out
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Vidhi Sharma
Advocate at Calcutta High Court, India
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Poulomi Ojha
Advocate at Fast Info Legal Services, Kolkata, India
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.
Keywords
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 4, Issue 2, Page 160 - 168
DOI: http://doi.one/10.1732/IJLMH.26040Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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