Partnership Act

Is there any provision in the partnership act to amend a deed for admitting of a new partner as a "Nominal Partner" for a particular division.?

Replies (2)

I think there is no provision regarding admitting a partner as nominal partner but in Partnership deed it can be included as a clause and it will be legal to admit a partner for a particular division as nominal partner.

Though nominal partner neither contributes capital nor takes active part in the management of business is liable for the debts of the firm.

The terms among the partners are contractual. The provisions of the Partnership Act is silent about admission of a nominal partner / partner for a 'particular division'. In such a case the partners may include relevant clause(s) in their amended / supplementary deed of partnership to give effect to the nominal partnership of new partner for a particular division. However, such a nominal partner is liable jointly and severally for the acts of other partners or all partners together.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details