Modification of partnership deed - how ?
This query is : Resolved
CA Abhishek Singh
(Querist)
29 March 2012
hello everyone,
our client is a partnership firm having two partners. now they have decided to change the profit sharing ratio.
kindly let me know how to make aforesaid changes in the partnership deed i.e should we make new partnerhsip deed or just attach new modication to the exsting partnership deed.
how much stamp duty shall be paid.if u have the format then you can mail the same at
caabhisheksingh2012@gmail.com
thanks in advance
waiting for your reply.
our client is a partnership firm having two partners. now they have decided to change the profit sharing ratio.
kindly let me know how to make aforesaid changes in the partnership deed i.e should we make new partnerhsip deed or just attach new modication to the exsting partnership deed.
how much stamp duty shall be paid.if u have the format then you can mail the same at
caabhisheksingh2012@gmail.com
thanks in advance
waiting for your reply.
CA CS Amit S. Kedia
(Expert)
29 March 2012
Dear Abhishek,
You are not required to make new partnership deed, you need to make a new supplementary agreement to original deed for amending the particular clause, and the said agreement will have to be executed on the stamp paper bearing Rs. 100(to the best of my knowledge).
The Agreement shall give reference of the original agreement and it can be completed in one/two papers.
You are not required to make new partnership deed, you need to make a new supplementary agreement to original deed for amending the particular clause, and the said agreement will have to be executed on the stamp paper bearing Rs. 100(to the best of my knowledge).
The Agreement shall give reference of the original agreement and it can be completed in one/two papers.
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