A persons has retired from the partnership by a letter to the existing continuing partners writing that he is retiring from the partnership. But he is unwilling to sign the dissolution deed. In such a situation can the existing partners continue with the partnershio by a modification in the deed? is there any alternate route wherein the contnuing partners can continue the business without the concurrence of the retiring partner. Kindly provide me your valuable input.
Menu
Partnership firm relted issue
Replies (2)
I think they will have to take the legal course to settle the problem. The firm has to be dissolved and later a new firm can be formed.
capraveenmr.wordpress.com
it is not a big problem. just prepare a deed of retirement stating the facts of retirement and amt. payable to retiring partner and other points agreed upon. the deed of retirement shall form part of original partnership deed. thus, remaining partners can continue the firm.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
