Multiple choice

Compulsory dissolution of a firm has been provided under

  1. Section 39 of the Indian Partnership Act, 1932

  2. Section 41 of the Indian Partnership Act, 1932

  3. Section 40 of the Indian Partnership Act, 1932

  4. Section 44 of the Indian Partnership Act, 1932

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B Correct answer
Explanation

Option (1) is incorrect: Section 39 of the Indian Partnership Act, 1932 talks about dissolution of a firm. Option (2) is correct: Compulsory dissolution of a firm has been provided under Section 41 of the Indian Partnership Act, 1932. Option (3) is incorrect: Section 40 of the Indian Partnership Act, 1932 talks about dissolution of a firm by agreement. Option (4) is incorrect: Section 44 of the Indian Partnership Act, 1932 states provisions for dissolution of a firm by the court.  

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