Partnership dissolution
This query is : Open
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
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
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
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
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
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.
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.
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
kindly let me know
thanking you sir
27 August 2016
Dear shankar,
it automatically get dissolved.
kindly like if my response has helped you
Message likes :
1 times
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- RATE AND HSN CODE
- Taxability of Partnership firm for FY 2025-26
- Portuguese Civil Code IT Return
- TDS AND ITR ISSUE
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- LIC maturity claim whether taxable
- HOUSING LOAN ISSUE
- 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
- NRI ITR2 account in 2025-26.
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
