Dear Frnds,
What should one has to do when a partner leaves a partnership firm. what are all the effective changes one has to make?
Regards
sudeeP
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Partnership details
Replies (1)
Pleae do the following:
1]. A change in the constitution of the firm is requried to be made by making an application to the ROF in the prescribed form. A revised P'ship deed shud be made contaiting the details of the partner who retired, the existing partners their PSR, capital contribution etc..
2]. submit the notarized copy to the ROF and get ti registered.
3]. Intimate the change to the Debtors/Creditors.
4]. Make the necessary updates in the Bank Setails. Inform the bank about the authorized signatories.
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