Section 51 of IPA : Section 51: Return Of Premium On Premature Dissolution
IPA
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Explanation using Example
Imagine Rita pays a premium of Rs. 50,000 to join an existing partnership firm, ABC & Co., which is established for a fixed term of 5 years. After 2 years, the partnership is dissolved due to disagreements among the partners. As per Section 51 of The Indian Partne...
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