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Partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2016 Dear Sir,
There is a partnership firm having two partners. One partner wish to retire from the firm. And remaining one partner wish to maintain firm's PAN no. by admiting a new partner.

For this what is the procedure they have to follow?
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kunal

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kunal (Expert)
17 February 2016 you've to form a partnership deed in which one partner will retire and one partner will be admitted in reference to old partnership deed..
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 February 2016 Please reconstitute the partnership by executing a deed in stamp paper of requisite value.
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