Repayment of capital to partner
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2014
i have a client partnership firm have 2 partner now i want to know how dissolve the partnership firm and give capital share to partner (i.e. 1.25 cr)
my qry is will bank loan for this purpose?
my qry is will bank loan for this purpose?
CA PRIYUL SHAH
(Expert)
09 August 2014
Transfer net assets in capital ration and draft dissolution deed.
Rupesh Jain
(Expert)
09 August 2014
pls make the dissolve deed of partner ship firm. it is better to make payment through bank.
CA UMESH DULAL
(Expert)
09 August 2014
prepare the account to the date of dissolution, make dissolution deed, transfer the balance in respective partner capital account.
Bank will not fund such payment.
Bank will not fund such payment.
CA Ayush Agarwal
(Expert)
09 August 2014
Agreed. No issues in bank
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