Legal validity of partnership deed

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This discussion clarifies the legal validity of a partnership deed where the registration date differs from the effective date. Transactions made between these dates are generally considered legally enforceable. It also confirms that a PAN card can be updated to reflect changes in the partnership name, even with an unregistered deed, as deed registration is not mandatory but advisable.

rakesh

rakesh (Querist)

30 May 2022 if the partnership deed registered as on stamp duty date and mentioned as partnership is effective from five months prior to stamp duty date, does the transactions before registered date is legally enforceable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2022 Yes it's legally enforceable. As effective date and registration date is specifically mentioned.

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rakesh

rakesh (Querist)

30 May 2022 Thank you Sir, transactions means financial transactions with third parties between effective date and registered are legally enforceable? Can the partnership name in pan can be changed by including "And" instead of "&" symbol and later updated pan can be submitted to bank for updating current account KYC

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2022 Yes, you can do it..........

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rakesh

rakesh (Querist)

30 May 2022 Can we change pan without registered partnership deed

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2022 Yes you can do it......

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CA Puja Sharma

CA Puja Sharma (Expert)

30 May 2022 Registration of the Partnership deed is not mandatory. However, it is advisable to register the deed.
So in your case, you can update the PAN card based on the unregistered deed.

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