Partnership
This query is : Resolved
08 January 2017
Have a Mumbai based Partnership Firm of 5 Partner's, Now 2 Partner's want to retire from partnership and 3 partner's want to continue the business... then now Which type of deed made for Retirement and Continue the business according mumbai ROF. My CA Advised for Firstly made Retirement Deed and after New Partnership Deed.
08 January 2017
If you want to continue same firm than you can do retirement cum amendment deed with change in existing partner with modified profit/loss sharing, and signing authority, settlement given to retiring partners for there share and goodwill if any etc.
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