16 February 2024
Suppose there is a partnership firm comprising of 3 partners. The PAN card of the firm which was applied, shows the actual earlier date of incorporation, when partnership deed was created with 3 partners. Now one of the partner had passed away (5yrs ago) and thus the firm consist of 2 partners. Now if we want to register the partnership deed (as required by financial institution in West Bengal), upon applying online, with new partnership deed, the application was rejected since the date of incorporation of the firm as per PAN card was much earlier than the date mentioned in the latest partnership deed (2 partners).
Kindly advice what should be done to rectify the error to register the partnership deed? Can we only update the date of incorporation in the PAN card and apply for partnership registration? Or do we need to apply for new PAN card for the firm? Or anything else?
CAclubindia
