dissolution of partnership firm

1. a firm can be dissolved by all partners,

2. a single partner can only leave the firm,

3. starting of new business in the same name depends upon the contents of the partnership deed

A firm by a partner out of 3 partners cannot be dissolved even it is unregistered.  A single partner wishes to retire from the partnership business, he may retire from it.  Starting a new firm business with the same name is objectionable.  If he wishes to start a proprietary business he may do with the same name but not partnership business.

Hello Murali, 

Your query has been answered by Advocate Vaibhav Kalra in this youtube video - https://www.youtube.com/watch?v=2-iyVqsW4kg from  -  54.18 - 57.25

LAWyersClubIndia is coming with many more such Quick Query Resolution sessions for the querists looking for legal advice!

Hope you find this useful!