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Ca partnership deed query-please help

Others 1420 views 1 replies

CA Darshak Shah

Practicing CA

1889 Points Posted on 25 July 2012

Me and my friend have started practicing and have got FRN of our firm since 16 of May 2012...

However we have not go for notarizing of partnership deed. Even we have not purchased stamp papers yet.

Now. We are appointed as auditors in Pvt ltd Co. Please Tell me from which date our partnership firm has come into existence for the purpose of getting Appointment as Auditor...

Is it 16-05-2012 or the day when we notarize the partnership deed...

Also tell me what is the time limit after starting partnership within which deed should be prepared and notarized?

Replies (1)

CA Abhishek Singh

practice

2112 Points Posted on 25 July 2012

partnership has not been validly formed. Notary of partnership deed is not mandatory (unless u go for registration of firms under partnership act 1932). But appropriate amount of stamp duty has to be paid depending upon the capital of the firm.

There is no time limit for preparation of partnership deed. It has to be prepared on valid stamp paper/franking at the time of formation.

it should be effective from the date on which stamp duty is paid. It cannot be dated retrospectively.

This is my view. waiting for the view of other experts.

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Ca partnership deed query-please help

CA Darshak Shah

Me and my friend have started practicing and have got FRN of our firm since 16 of May 2012...

However we have not go for notarizing of partnership deed. Even we have not purchased stamp papers yet.

Now. We are appointed as auditors in Pvt ltd Co. Please Tell me from which date our partnership firm has come into existence for the purpose of getting Appointment as Auditor...

Is it 16-05-2012 or the day when we notarize the partnership deed...

Also tell me what is the time limit after starting partnership within which deed should be prepared and notarized?

CA Abhishek Singh

partnership has not been validly formed. Notary of partnership deed is not mandatory (unless u go for registration of firms under partnership act 1932). But appropriate amount of stamp duty has to be paid depending upon the capital of the firm.

There is no time limit for preparation of partnership deed. It has to be prepared on valid stamp paper/franking at the time of formation.

it should be effective from the date on which stamp duty is paid. It cannot be dated retrospectively.

This is my view. waiting for the view of other experts.

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Ca partnership deed query-please help

Me and my friend have started practicing and have got FRN of our firm since 16 of May 2012...

However we have not go for notarizing of partnership deed. Even we have not purchased stamp papers yet.

Now. We are appointed as auditors in Pvt ltd Co. Please Tell me from which date our partnership firm has come into existence for the purpose of getting Appointment as Auditor...

Is it 16-05-2012 or the day when we notarize the partnership deed...

Also tell me what is the time limit after starting partnership within which deed should be prepared and notarized?

partnership has not been validly formed. Notary of partnership deed is not mandatory (unless u go for registration of firms under partnership act 1932). But appropriate amount of stamp duty has to be paid depending upon the capital of the firm.

There is no time limit for preparation of partnership deed. It has to be prepared on valid stamp paper/franking at the time of formation.

it should be effective from the date on which stamp duty is paid. It cannot be dated retrospectively.

This is my view. waiting for the view of other experts.

Leave a Reply

Recent Topic

Related Topics