Change in partnership firm

A partnership firm was formed with two partners with equal share of profits. One of the partner deceased the other partner wishes to continue the business and hence wants to add another partner. Do we need to create a new partnership deed or add an addendum to the existing deed? In case we need to form a new deed then do we apply for a new PAN and surrender the existing PAN The addendum is to be passed on a stamp paper ? The addendum is to be signed by both the partners and the stamp paper shall be bought in the name of the firm and the new partner or the individual partners Kindly share your inputs on the above query
Replies (1)
In this case new partnership Deed is required. You need not apply for a new PAN, existing PAN shall suffice.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details