Admission cum retirement of a partner
This query is : Resolved
MOHAMMAD HABIB
(Querist)
09 July 2016
Dear Experts
Please advice !!!
In a partnership firm, there are only two partners and one of them wants to retire. In his place a new partner would be admited. Is single deed is valid for the above matter i.e admission and retirement. or should we draft two deed separately. IF single deed is valid than first should go for admission or retirement. and last question is what will be the value of stamp paper for such partnership deed. Thanking you in advance !!!
Please advice !!!
In a partnership firm, there are only two partners and one of them wants to retire. In his place a new partner would be admited. Is single deed is valid for the above matter i.e admission and retirement. or should we draft two deed separately. IF single deed is valid than first should go for admission or retirement. and last question is what will be the value of stamp paper for such partnership deed. Thanking you in advance !!!
09 July 2016
1. Reconstitute the partnership deed to admit a partner.
2. Prepare retirement agreement and a reconstitution deed to give effect to the retirement.
Ps:- 3 documents required.
2. Prepare retirement agreement and a reconstitution deed to give effect to the retirement.
Ps:- 3 documents required.
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