Dissolution of partnership firm

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Kanwal Jit Dhaliwal (Querist)
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06 December 2012 1. I and my partner have signed a partnership deed on 09 Nov 2012, which has been duly notarized. The firm has not been registered yet. Due to certain unavoidable circumstances we have decided to dissolve the partnership. The firm does not possess any property or assets. During this period the firm has also not transacted any business and has no outstanding dues. It has not even opened a current bank account. However, Pan Card has been issued.

2. Can you please help me on the following aspects:-
(a)Procedure for dissolution by mutual consent in this case.
(b)Disposal of the Pan Card.
(c)A sample deed of dissolution that would be suitable in the stated context.

Amol S Joglekar

Amol S Joglekar (Expert)
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06 December 2012 01. Prepare a single liner dissolution deed stating the same reason as said above and mention a date from which the firm will stand dissolved.
02. Inform the same to PAN... NSDL for cancellation.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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06 December 2012 Yes, Further, a Photocopy of Firm Dissolution Deed Send to PAN NSDL and a Application Letter for Surrendering Partnership Firm PAN.

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