Change in Partnership Constitution

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 When A partner retires from the partnership what is the procedure.

Also whether a new deed of partnership firm is required..

Also whether the date of registration of partnership firm will change or not.

16 March 2010 Depends on the concerned state registration act. However, generally when a partner retires, a retirement agreement (executed between all the partners) as well as a reconstituted partnership deed (executed between the remaining partners) may be executed.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 Sir whether a new PAN card is required. What shall be the date of registration of the firm.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2010 Sir Can u also provide the draft copy of both the deeds.

16 March 2010 If the name of the firm is not changed, no need for a new PAN card. Format of the deed and agreement are available in www.vakilno1.com. Pl download and make suitable alterations according to your requirement.

16 March 2010 agreed with expert


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