Reconstitution of partnership firm after death of a partner
This query is : Resolved
Shankar Rao
(Querist)
15 August 2016
Dear all
A partnership firm was carried on by two partners. one partner was died on 13.07.2016. In the existing Partnership deed it is clearly mentioned that " Partnership firm will not be dissolved on death of any partner it can be carried on by taking legal hairs as partner" Can it be reconstituted kindly let me know
Thanking you
A partnership firm was carried on by two partners. one partner was died on 13.07.2016. In the existing Partnership deed it is clearly mentioned that " Partnership firm will not be dissolved on death of any partner it can be carried on by taking legal hairs as partner" Can it be reconstituted kindly let me know
Thanking you
CA SANKET GARG
(Expert)
16 August 2016
Yes. Revise the deed.
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