Retirement of a partner - requirements of deed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
Sir,
In a partnership firm, there are 3 partners , one wants to retire, Duration is at will. Please suggest me the following
1) Whether new partnership deed is required for the same, or can it by amending the relevant clauses in the partnership.
2) If amendment is ok, also suggest the value of the stamp paper (Firm is in Kerala)
3) Which section of the Partnership Act dealing about this deed.
In a partnership firm, there are 3 partners , one wants to retire, Duration is at will. Please suggest me the following
1) Whether new partnership deed is required for the same, or can it by amending the relevant clauses in the partnership.
2) If amendment is ok, also suggest the value of the stamp paper (Firm is in Kerala)
3) Which section of the Partnership Act dealing about this deed.
24 April 2013
Reconstitution deed is required.
Stamp paper value is Rs. 5,000/- ( Rupees five thousand only).
Stamp paper value is Rs. 5,000/- ( Rupees five thousand only).
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2013
Sir,
Thanks for your reply.
Thanks for your reply.
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