Hello Friends.
Situation: One of my client is a partnership firm which was having four partners. Out of that one partner died and out of remaining three partners one partner desires to retire and the other two partners wants to continue the business by admistting widow of the deacsed partner as a full time partner in the firm. There is clause in old deed that in case of death or retirement of a partner the firm is not desolved and the remaining partner can continue the firm business.
Requrement
Format of a single deed containg all three situation
1. Death of a partner
2. Admission of widow of the deacsed partner and;
3. Retirement of a partner.
Regards,
CA. Nirav Samani
CAclubindia
