PPT - Registration and Dissolution of firm (Part - 2) CA Foundation Notes | EduRev

Business Laws for CA Foundation

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CA Foundation : PPT - Registration and Dissolution of firm (Part - 2) CA Foundation Notes | EduRev

 Page 1


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Page 2


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Consequences Of Dissolution 
Personal profits Earned After Dissolution 
Settlement of Partnership Accounts 
Extent of Continuing Authority Till Dissolution 
Right To Enforce Winding Up 
Continuing Liability Till Public notice 
Page 3


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Consequences Of Dissolution 
Personal profits Earned After Dissolution 
Settlement of Partnership Accounts 
Extent of Continuing Authority Till Dissolution 
Right To Enforce Winding Up 
Continuing Liability Till Public notice 
Liability till Public Notice 
• For Acts Done after 
Dissolution 
• Till Public Notice Not given 
All Partners 
Liable 
• Estate of Deceased Partner 
• Estate of Insolvent Partner 
• Sleeping or Dormant 
Partner 
Partners 
Not Liable 
Page 4


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Consequences Of Dissolution 
Personal profits Earned After Dissolution 
Settlement of Partnership Accounts 
Extent of Continuing Authority Till Dissolution 
Right To Enforce Winding Up 
Continuing Liability Till Public notice 
Liability till Public Notice 
• For Acts Done after 
Dissolution 
• Till Public Notice Not given 
All Partners 
Liable 
• Estate of Deceased Partner 
• Estate of Insolvent Partner 
• Sleeping or Dormant 
Partner 
Partners 
Not Liable 
Right to Enforce Winding Up 
Surplus Distributed Among Partner 
Firm’s property to be applied in payment of 
Debts 
Page 5


CPT MERCANTILE LAW 
CHAPTER -3 THE INDIAN PARTNERSHIP ACT ,1932 
 
CA. DIPTI LUNAWAT 
Registration and Dissolution of a Firm  
 Unit 3 Part [3/4] 
Consequences Of Dissolution 
Personal profits Earned After Dissolution 
Settlement of Partnership Accounts 
Extent of Continuing Authority Till Dissolution 
Right To Enforce Winding Up 
Continuing Liability Till Public notice 
Liability till Public Notice 
• For Acts Done after 
Dissolution 
• Till Public Notice Not given 
All Partners 
Liable 
• Estate of Deceased Partner 
• Estate of Insolvent Partner 
• Sleeping or Dormant 
Partner 
Partners 
Not Liable 
Right to Enforce Winding Up 
Surplus Distributed Among Partner 
Firm’s property to be applied in payment of 
Debts 
Continuing Authority After Dissolution 
Wind Up The Affairs Of Firm 
Complete Unfinished 
Transactions Pending 
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