Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

cyberlawyer (barrister)     21 February 2014

Post re-constitution of partnership - one partner

Hello ld. members of the bar..

IF a firm has 3 partners and 2 of them retire thereby, resulting in reconstitution of the firm, can the surviving single partner run the business as partnership firm ?. It requires 2 parties to form partnership, but can a single party run the firm after that, atleast by a clause in the deed of reconstitution ?. 

I thought it cannot be done, but recently i came across a format of deed of reconstitution of partnership which says that the sole survivor can run the business. 

For convenience, here is the link. Please go through the 10th clause and clarify...

https://www.karunadu.gov.in/karigr/modeldeeds/reconsdeed.pdf

TIA.



Learning

 1 Replies

Adv S K Gupta (Advocate High Court)     03 April 2015

At given link following information is found

The page cannot be displayed

Explanation: There is a problem with the page you are trying to reach and it cannot be displayed.

Try the following:

  • Refresh page: Search for the page again by clicking the Refresh button. The timeout may have occurred due to Internet congestion.
  • Check spelling: Check that you typed the Web page address correctly. The address may have been mistyped.
  • Access from a link: If there is a link to the page you are looking for, try accessing the page from that link.

Technical Information (for support personnel)

  • Error Code: 403 Forbidden. The server denied the specified Uniform Resource Locator (URL). Contact the server administrator. (12202)

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register