https://www.taxtmi.com/caselaws?id=104034 An existing partnership was not automatically dissolved when one partner later acquired foreign citizenship under the Foreign Exchange Regulation Act, 1973, because the Act imposed regulatory control through the Reserve Bank of India rather than an automatic prohibition, and no permission, rejection, or discontinuance order had been made. The contention that the firm was really between two Hindu undivided families was rejected because a Hindu undivided family is not a juristic person capable of being a partner; the partners were the two individuals. On the admitted existence of the partnership and the parties' shares, a preliminary decree for dissolution and appointment of a commissioner for accounts and sale was justified. en-us Tue, 17 Oct 1995 00:00:00 +0530 Mon, 27 Feb 2012 13:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104034 An existing partnership was not automatically dissolved when one partner later acquired foreign citizenship under the Foreign Exchange Regulation Act, 1973, because the Act imposed regulatory control through the Reserve Bank of India rather than an automatic prohibition, and no permission, rejection, or discontinuance order had been made. The contention that the firm was really between two Hindu undivided families was rejected because a Hindu undivided family is not a juristic person capable of being a partner; the partners were the two individuals. On the admitted existence of the partnership and the parties' shares, a preliminary decree for dissolution and appointment of a commissioner for accounts and sale was justified. Case-Laws Companies Law Tue, 17 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104034