Change in profit sharing ratio

This query is : Resolved 

25 January 2018 Dear all
I want to change the profit sharing ratio between existing partners, please explain the procedure.

25 January 2018 draft a new partnership deed.

26 January 2018 Modify Partnership deed. So prepare modification deed in Appropriate Stamp Paper.

27 January 2018 Do I need to give reference of old partnership deed. Can I change deed during the year also or it is possible at the end of financial year.


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