Partnership deed format where one out of three partners will continue the business

Firm of Partners is registered with three partners since 2012

Two of the partners want to retire/ disassociate from business

The third partner who is whole-time partner in the firm will continue/succeed the firm business. 

Need format of format of partnership deed which is in compliance in rules and conditions of the institute

Thanks in advance
 

Replies (3)
Quick Summary
A three-partner firm registered with ICAI since 2012 needs to update its partnership deed. Two partners are retiring, and the third, a whole-time partner, will continue the business. The user is seeking an ICAI-compliant partnership deed format to facilitate this transition and takeover.

The firm is registered with ICAI 

 

A reorganization is required. This ŕeorganization needs to be made in the partnership deed.

yes, i need a format of partnership deed which is in compliance of ICAI guidelines and procedure to enable working partner to takeover partnership firm

thanks in advance

 

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