Partnership dissolution

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Shankar Rao (Querist)
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23 August 2016 Dear all
A Partnership firm was running with two partners on 13.07.2016 one partner was died and business discontinued now is to necessary to draft dissolution deed if yes kindly send me a format of dissolution deed my email id is ymnsrao@yahoo.co.in

ACA Anurag

ACA Anurag (Expert)
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23 August 2016 Dear Shanker,

A partnership normally dissolves on the death of the partner unless there was an agreement in the original partnership deed.
Even assuming that there was such an agreement in a partnership consisting of two partners on the death of one of them the partnership automatically comes to an end and there is no partnership which survives and into which a third party can be introduced.

Dissolution deed has been mailed to you .

Hope your query has been solved

Kindly like if my response has helped you

Message likes : 2 times

Shankar Rao

Shankar Rao (Querist)
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24 August 2016 Anurag sir You are telling that firm automatically comes to an end then what is the necessity to draft dissolution deed and sir I have not received Dissolution deed draft copy kindly send me a copy and what is amount of stamp paper required to draft dissolution deed my mail id is ymnsrao@yahoo.co.in and shankarraomn@gmail.com

ACA Anurag

ACA Anurag (Expert)
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24 August 2016 Dear shankar,

There is no need of deed I have send u only for your knowledge purpose.

Will talk once with team and let u know.

Hope your query is resolved now.

Shankar Rao

Shankar Rao (Querist)
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27 August 2016 Sir is there any different opinion about whether to draft dissolution or not when one Partner dies out of two partners
kindly let me know
thanking you sir

ACA Anurag

ACA Anurag (Expert)
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27 August 2016 Dear shankar, it automatically get dissolved. kindly like if my response has helped you

Message likes : 1 times

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