Addmission cum retirement

can we prepare one single deed for admission and retirement

or

should we first prepare retirement deed and then prepare reconstitution deed?

which one is the correct way as per partnership Act

please guide.

Replies (2)
Quick Summary
This discussion explores whether a single deed can cover both the retirement of an existing partner and the admission of a new partner, or if separate deeds are required. The consensus is that a single deed is permissible. Guidance is sought on the correct legal procedure according to the Partnership Act, and a format for the reconstitution deed is requested.

U can very well prepare one deed for retirement of old partner and admission of new partner

can you please share reconstitution deed format for the same.

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