Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Execution of partnership deed

Save Share

This query is : Resolved

CA Kalpesh Patel (Querist)

05 March 2014 As there is 2 partner in firm and 1 partner died in 2006 at that time no new deed was formed so is it become a proprioter and dosent need to execute partnership deed ...? or dissolution deed need to be formed ? as no deed is formed at that time is it valid to form now???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

05 March 2014 when partner dies there is no need to make any dissoultion deed as there is only 1 person as owner but u need to inform the registrar if it was registered with registrar of firms.

Nikhil Kaushik

Nikhil Kaushik (Expert)

05 March 2014 please refer Supreme Court judgment in case of Mohd Laiquiddin v Kamala Devi Misra (deceased) wherein it was ruled that death of a partner in TWO-Partner firm results in automatic dissolution.

please refer https://www.internationallawoffice.com/newsletters/detail.aspx?g=c7f62275-2158-4736-b3c3-1710bc1f1a81

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now