Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA Sapna Ghelani (Chartered Accountant)     03 August 2021


Can we add a clause in partnership deed regarding who will take over if one of the partner dies?basically who will replace the deceased partner. Can we mention a clause in the current partnership deed about it? 

 4 Replies


Sourav (Student)     03 August 2021

Yes it can be mentioned
Ankit Neema

Ankit Neema   03 August 2021

Yes , I think it is possible,
Mahesh Shah

Mahesh Shah   03 August 2021

Please reffer to sec 42 of Indian partnership act.....
If there are more than 2 partners....then it is possible...either nominee or legal hair ( subject to the intention of agreement in deed)
if there are only 2 partners, then firm is dissolved ,on demise of one
please go through Indian Partnership Act

Sourav (Student)     04 August 2021

Yes mahesh ji... thanks for the information

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags