Dissolution of partnership firm
This query is : Resolved
Dipti chaudhari
(Querist)
27 February 2014
our client is partnership firm & now it is going for dissolution. the partnership deed was first made in 2005 wherein details of remuneration to partners was not mentioned so in 2006 a new deed was made stating partners remuneration then after this in 2007 the deed was again changed due to change in profit sharing ratio.So while preparing dissolution deed do we need to mention details of all three deeds or only the latest one?
Also please suggest the format for dissolution deed
Nikhil Kaushik
(Expert)
02 March 2014
that shall depend on how the amendment deed in 2006 and 2007 were signed. if it was in succession to earlier deeds, the mentioning 2007 deed shall be sufficient.
Nikhil Kaushik
(Expert)
02 March 2014
for the format, you can refer www.aadisol.in/aca/sa/forms/1024.doc
https://www.paryca.org/images/Legal%20Due%20Diligence/Partnership%20Deed/Dissolution%20Deed.pdf
https://www.paryca.org/images/Legal%20Due%20Diligence/Partnership%20Deed/Dissolution%20Deed.pdf
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