PARTNERSHIP AMENDMENT

Dear experts,

Can following amendment be execute on Rs. 100 stamp as addenda or full partnership deed must be amend on stamp of Rs. 770:

1. Alteration of profit sharing ratio

2. retirement of one of the parner

If above amendment take place, is it compulsorily update on GST Portal/DGFT portal for IEC/Bank and other registering authority? Kindly help

 

Replies (5)
Quick Summary
This discussion clarifies the stamp duty requirements for partnership deed amendments, particularly concerning changes in profit sharing ratios and partner retirements. It confirms that significant alterations necessitate a full partnership deed amendment on a Rs. 770 stamp. Furthermore, it highlights the mandatory requirement to update these amendments with relevant authorities, including the GST portal, DGFT for IEC, and banking institutions.

As there is change in partners ratio, it requires to be on full stamp paid.

Yes, need to amend the registration with the new partners ratio with all these agencies.

 

@ Kamal,

You must update the amended deed in all registrations

Thank you so much Dhirajlal sir,

You are welcome ..                   

👍🏻👍🏻

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