Format of supplmentary partnership deed
This query is : Resolved
lalit pandya
(Querist)
09 June 2014
Dear sir,
There is one partnership firm having 9 partner. one partner is dead. in place of them their legal heir i.e. daughter entered as new partner.kindly send me the draft for supplementary deed for enter new partner in place of dead partner
There is one partnership firm having 9 partner. one partner is dead. in place of them their legal heir i.e. daughter entered as new partner.kindly send me the draft for supplementary deed for enter new partner in place of dead partner
CA R SEETHARAMAN
(Expert)
10 June 2014
Partnership dissolves on the death of the partner. New partnership deed has to be entered including the legal heir as partner.
10 June 2014
NO SIR, PARTNERSHIP WILL NOT DISSOLVE ON THE DEATH OF PARTNER. IF THERE IS A CLAUSE IN PARTNERSHIP, THE PARTNERSHIP CONTINUES WITH REMAINING PARTNERS.
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