Amendment status not verified — confirm the current text below against the official source.
Dissolution on the happening of certain contingencies Subject to contract between the partners a firm is dissolved - If constituted for a fixed term, by the expiry of that term If constituted to carry out one or more adventures or undertakings by the completion thereof. by the death of a partner. by the adjudication of a partner as an insolvent. Short Note -Sec 42. = On completion of the work, partnership come to an end - Dayalal vs. Harjeevan, AIR 1983 NOC 20(Guj). AIR 1954 Patna 63: Shanta Ram vs. Sripada, AIR 1974 Karanataka 110. -Sec. 42- Partnership will be deemed to bed dissolved after expiry of the fixed period -AIR 1974 SC 1094 AIR 1946 All 489 Dissolution by notice of partnership at will - (1) 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. (2) The firm is dissolved as from the date mentioned in the 'notice as the date of dissolution or, if no date is so mentioned, as from the date of the communication of the notice. Short Note Sec 43. Dissolution of partnership at will Notice in writing to other partners is necessary - Asha Ram vs. Ram chander (1993) (1) WLN