Which of the following is not required for the dissolution of a partnership?
Answer Details
The option that is not required for the dissolution of a partnership is "Order from the registrar of companies". This is because partnerships are not registered with the registrar of companies. Partnerships are governed by partnership agreements or deeds, which specify the terms and conditions of the partnership.
Partnerships can be dissolved in various ways, including:
1. Expiration of the partnership deed: Partnerships can be dissolved when the duration specified in the partnership deed expires.
2. Termination of the venture: Partnerships can be dissolved when the business for which they were formed comes to an end.
3. One partner notifying the other of his intention to dissolve it: Partnerships can be dissolved when one partner gives notice to the other partners of their intention to dissolve it.
4. Mutual consent of the partners: Partnerships can be dissolved when all partners agree to dissolve it.
Therefore, the dissolution of a partnership requires the agreement of all partners, or the fulfillment of conditions specified in the partnership deed or agreement. It does not require an order from the registrar of companies, as partnerships are not registered with them.