M/s XYZ is a Registered Partnership Firm, it has drafted a Supplementary Deed for change in Remuneration. Whether the Supplementary Deed has to be registered with the Registrar of Partnership?
Regards,
Devendra K
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Partnership deed query
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| Originally posted by : Devendra | ||
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M/s XYZ is a Registered Partnership Firm, it has drafted a Supplementary Deed for change in Remuneration. Whether the Supplementary Deed has to be registered with the Registrar of Partnership? Regards, Devendra K |
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There is no need to submit the Supplementary Deed of Partnership, if executed only for the purpose of change in Profit Sharing Ratio or Remuneration or Interest payable to partners, since these are not recorded by Registrar of Firms in the Entry on Record.
https://wirc-icai.org/WIRC_REFERENCER/Other%20Laws/Indian%20Partnership%20Act%201932.htm
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