Execution of partnership deed

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CA Kalpesh Patel (Querist)
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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)
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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)
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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

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