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        Partnership Firms

        Section 40 - Dissolution by agreement

        Indian Partnership Act, 1932
        Chapter VI
        DISSOLUTION OF A FIRM

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        Dissolution by agreement: a firm may be wound up by unanimous partner consent or pursuant to the partnership contract. A firm may be dissolved by mutual agreement either through unanimous consent of all partners or in accordance with an express partnership contract prescribing dissolution.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Dissolution by agreement: a firm may be wound up by unanimous partner consent or pursuant to the partnership contract.

                              A firm may be dissolved by mutual agreement either through unanimous consent of all partners or in accordance with an express partnership contract prescribing dissolution.


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