CA Foundation Exam  >  CA Foundation Questions  >  When a partner in a firm is adjudicated as in... Start Learning for Free
When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-
  • a)
    On the date of order of adjudication
  • b)
    On the date of dissolution of the firm 
  • c)
    The date of intimation of the insolvency of the firm
  • d)
    The date decided by the partnership firm
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
When a partner in a firm is adjudicated as insolvent as per the Indian...
Explanation:


  • Date of order of adjudication: According to the Indian Partnership Act, 1932, when a partner in a firm is adjudicated as insolvent, he ceases to be a partner on the date of the order of adjudication.

  • Date of dissolution of the firm: The partner ceases to be a partner immediately on the date of adjudication, not on the date of dissolution of the firm.

  • Date of intimation of the insolvency of the firm: The partner's status as a partner is affected by the date of order of adjudication, not by the date of intimation of insolvency.

  • Date decided by the partnership firm: The date of ceasing to be a partner is determined by the legal process of adjudication, not by the partnership firm's decision.

Explore Courses for CA Foundation exam
When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer?
Question Description
When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer?.
Solutions for When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice When a partner in a firm is adjudicated as insolvent as per the Indian partnership Act, 1932, he ceases to be a partner:-a)On the date of order of adjudicationb)On the date of dissolution of the firmc)The date of intimation of the insolvency of the firmd)The date decided by the partnership firmCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev