Legal Consequences of Partners Coming in and Going Out

  • Vidhi Sharma and Poulomi Ojha
  • Show Author Details
  • Vidhi Sharma

    Advocate at Calcutta High Court, India

  • 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.

Type

Research Paper

Information

International Journal of Law Managment and Humanities,
Volume 4, Issue 2, Page 160 - 168

DOI: http://doi.one/10.1732/IJLMH.26040

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.

Copyright

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