whether a retiring partner is eligible to get a share in the
1)Bank FD kept in the name of partnership firm
2) Credit balance available in the current a/c of the firm.
pl.clarify
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Retiring Partner
Replies (3)
Quick Summary
1) No
2) yes
2) yes
Thank you,
will you please briefly clarify why the retiring partner is not eligible for bank FD of the firm during his tenure?
will you please briefly clarify why the retiring partner is not eligible for bank FD of the firm during his tenure?
Because thats firm property.
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