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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 April 2013 Reconstitution deed is required.
Stamp paper value is Rs. 5,000/- ( Rupees five thousand only).

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2013 Sir,
Thanks for your reply.

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