The Indian Partnership Act, 1932 · VI — DISSOLUTION OF A FIRM

Section 42. Dissolution on the happening of certain contingencies

In force · As amended up to 2026-08

42. Dissolution on the happening of certain contingencies. —Subject to contract between the partners a firm is dissolved— (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner; and (d) by the adjudication of a partner as an insolvent.

Source: India Code