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PARTNERSHIP DEED

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2009 Hi Friends

Whether a correction in partnership deed can be made giving prospective effect say for example if i draft a codicil deed for change in remuneration w e f 01/04/2009 and above same codicil can be used to change profit sharing ratio w e f 01/04/2010. Pl explain
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CA Balram Sharma

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CA Balram Sharma (Expert)
03 November 2009 Act restrict for the retrospectively change made in deed,

there is no restricton in prospective change,

for the prospective change can be made in deed
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
03 November 2009 i agree
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2009 Thanks u so much
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