Section 33 Partnership Act, 1932 Explained: Dissolution of a firm | Nyaya

Statutory Content

What does Section 33 of Partnership Act, 1932 say?

A firm is dissolved by the death of a partner, or by the retirement of a partner, or by the bankruptcy of a partner, or by the expiration of the term for which the partners were associated, or by the happening of any other event which makes it impossible to carry on the business of the firm. The dissolution of a firm does not affect the rights and liabilities of the partners, or the rights of third parties, in respect of any transaction entered into before the dissolution.

Indian StandardSection 33, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 33 (India)

Court Pleading StandardSection 33 of the Partnership Act, 1932

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 33 Partnership Act, 1932

What is Section 33 of Partnership Act, 1932?

Section 33 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Dissolution of a firm". The section states: A firm is dissolved by the death of a partner, or by the retirement of a partner, or by the bankruptcy of a partner, or by the expiration of the term for which the partners were as...

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