Partnership act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2014
If a new partner is admitted in partnership ,is it necessary to get the accounts revalued at the time of admission? whats the position in case of death of partner? is there any provision to get accounts revalued?
11 March 2014
there is no provision in law for same however the concerened partner may demand it.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2014
and in case of Retirement also the same is applicable?
11 March 2014
legal representative may do so...
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