Varun Kumar Jha

Rights of outgoing partner to carry on competing business. Agreements in restraint of trade.— (1) An outgoing partner may carry on a business competing with that of the firm and he may advertise such business,… 

Right of outgoing partner in certain cases to share subsequent profits.— Where any member of a firm has died or otherwise ceased to be a partner, and the surviving or continuing partners carry on the… 

Revocation of continuing guarantee by change in firm.— A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to… 

Dissolution of a firm.— The dissolution of partnership between all the partners of a firm is called the “dissolution of the firm”.

Dissolution by agreement.— A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

Compulsory dissolution.— A firm is dissolved— Provided that, where more than one separate adventure or undertaking is carried on by the firm, the illegality of one or more shall not of itself cause the dissolution… 

Dissolution on the happening of certain contingencies.— Subject to contract between the partners a firm is dissolved—

Dissolution by notice of partnership at will.— (1) Where the partnership is at will, the firm may be dissolved by any partner giving notice in writing to all the other partners of his intention to… 

Dissolution by the Court.— At the suit of a partner, the Court may dissolve a firm on any of the following grounds, namely:— (a) that a partner has become of unsound mind, in which case…