Addmission cum retirement

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Student CA IPC / IPCC
106 Points Posted on 23 July 2020

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.

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On 23 July 2020 at 18:02 Report
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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.

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Tax and Business Consultant
11616 Points Posted on 23 July 2020
U can very well prepare one deed for retirement of old partner and admission of new partner
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On 23 July 2020 at 20:26
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Student CA IPC / IPCC
106 Points Posted on 24 July 2020

can you please share reconstitution deed format for the same.

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On 24 July 2020 at 16:10

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