Status of a partnership firm
This query is : Resolved
Raghunath T L
(Querist)
22 April 2012
Dear Sir/s
Q:1 What is the status of a firm when one of the 2 partner's in the firm renders his resignation?
Q:2 In continuation of Q:1, In case the resignation results in Dissolution of the Firm, whether the same firm can be reconstituted after a certain period say 6 months?
Thanks in Advamce. Earliest reply would be highly helpful and appreciated!!!
Q:1 What is the status of a firm when one of the 2 partner's in the firm renders his resignation?
Q:2 In continuation of Q:1, In case the resignation results in Dissolution of the Firm, whether the same firm can be reconstituted after a certain period say 6 months?
Thanks in Advamce. Earliest reply would be highly helpful and appreciated!!!
23 April 2012
Q-1. Whether the resignation has been accepted by the other partner and intimation has been given to the Banks and ROF. If not then a deed of dissolution is required to be executed.
Q-2. Yest it is better to execute a deed of admission cum retirement,
Q-2. Yest it is better to execute a deed of admission cum retirement,
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