D M AND COMPANY
  
CHARTERED ACCOUNTANTS  
 
 
 
    E-mail     Client Login    Admin Login    
 Quick Link
 Home
 Services
 About Us
 Contact Us
  Ask a Query
 

Section47 CONTINUING AUTHORITY OF PARTNERS FOR PURPOSES OF WINDING UP.

After the dissolution of a firm the authority of each partner to bind the firm, and the other mutual rights and obligations of the partners, continue notwithstanding the dissolution, so far as may be necessary to wind up the affairs of the firm and to complete transactions begun but unfinished at the time of the dissolution, but not otherwise : Provided that the firm is in no case bound by the acts of a partner who had been adjudicated insolvent, but this proviso does not affect the liability of any person who has after the adjudication represented himself or knowingly permitted himself to be represented as a partner of the insolvent. 

Total Visitors: 609948. Copyrights © D M AND COMPANY All Rights Reserved
Design and Development by Aem SOolutions