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Repayment of capital to partner

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Querist : Anonymous

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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?
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CA PRIYUL SHAH

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CA PRIYUL SHAH (Expert)
09 August 2014 Transfer net assets in capital ration and draft dissolution deed.
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Rupesh Jain

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Rupesh Jain (Expert)
09 August 2014 pls make the dissolve deed of partner ship firm. it is better to make payment through bank.
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CA UMESH DULAL

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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.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
09 August 2014 Agreed. No issues in bank
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