Partnership deed related query
This query is : Open
16 December 2013
Dear All,
There is one registered partnership firm say M/s XY, having two partners Mr. X & Mr.Y
They have entered into Admission cum Retirement deed, retiring Y and admitting Mr.A but before registering the deed Mr. Y died.
Now my question is, Can legal heir of Mr. Y, do Notary and registration of the deed on behalf of Mr. Y ?? if yes then How ??
Pls Share your views.
Thanks in advace
There is one registered partnership firm say M/s XY, having two partners Mr. X & Mr.Y
They have entered into Admission cum Retirement deed, retiring Y and admitting Mr.A but before registering the deed Mr. Y died.
Now my question is, Can legal heir of Mr. Y, do Notary and registration of the deed on behalf of Mr. Y ?? if yes then How ??
Pls Share your views.
Thanks in advace
16 December 2013
No. Upon the death of Mr. Y the partnership firm ceases to exist by virtue of law.
16 December 2013
Thanks for your reply sir.
But Mr. Y had already signed the deed before he died only the registration part is pending. Consent of My.Y had already been taken by other partners.
But Mr. Y had already signed the deed before he died only the registration part is pending. Consent of My.Y had already been taken by other partners.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Sec 44ada applicable only or both
- Portuguese Civil Code IT Return
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- Taxability of Partnership firm for FY 2025-26
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- Sale of property held jointly with a non resident Indian
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
