an partnership deed is chnged with memorandom of understanding . in mou 2 clauses has been modified . all partners have signed mou in absence of witnesses ... is this a valid mou ??? pl advise me on the validity of mou and consequences of such mou..
mitesh parikh (bussiness) (44 Points)
06 March 2012an partnership deed is chnged with memorandom of understanding . in mou 2 clauses has been modified . all partners have signed mou in absence of witnesses ... is this a valid mou ??? pl advise me on the validity of mou and consequences of such mou..
yuvak
(Practising CA)
(144 Points)
Replied 06 March 2012
Hi,
As per my understanding, the MoU between the partners would stand on the same footing as a 'Amended/ Supplementary Partnership Deed' and therefore, if signed by all partners is valid. As for signatures of the witnesses, it only help in case of subsequent disputes as to the identity of the signing parties and/ or establishing that the signatures have not been forged or obtained without consent.
Cheers
mitesh parikh
(bussiness)
(44 Points)
Replied 06 March 2012
yes i exactly thought like that , thank you ...
CAclubindia
