Partnership deed

Agreement deeds 658 views 3 replies

If any one have death cum admission of partner partnership deed format then please mail me on ca.mandg @ gmail.com

It's very urgent
Also it will be very helpful if anyone can give suggestions about  formalities to be done in case there in death of one of a partner and admission of spouse of deceased partner. 
Do dissolution deed has to be made? 

Do reconstitution deed for admission of spouse of deceased partner has to be made?

Replies (3)
how many partners constitute the firm other than deceased. if there are only 2 partners and one of them dies then firm stands to be dissolved.
A new firm with new p'ship deed will be required to be formed
if there are more than 2 partners and any one of them dies then the firm still continues as remaining partners are carrying on the firm. you need to submit a revised deed by adding deceased partners spouses name and removing deceased partners name.

@ muchhal gupta - if you have the death cum admission of partner partnership deed format then please send it to me as well on darshan_b9 @ yahoo.com

@ Giridhar - your statement "if there are more than 2 partners and any one of them dies then the firm still continues as remaining partners are carrying on the firm. you need to submit a revised deed by adding deceased partners spouses name and removing deceased partners name." 

 

Is this really just valid for a firm with more than 2 partners? And if the firm is of only 2 partners and one partner dies then automatically the firm dissolves? Is it not possible to add the wife of the deceased partner to be added as a new partner to keep the firm running?


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