Sir, Thanks for the responce.
Just I received a letter from bank stating that I'm no longer a partner of the firm hence they can not honor the letter that I submitted to Dena bank and they have not yet relived me from the partner ship by way of re-constitution deed.
- What is the time limit within which the re-constitution deed to be submitted to bank after the partner resignation
- What is the time limit to reconsile the firm accounts to close the existing partner liability
- According to bank letter, Resignation is given on April 20, 2012 and till date Bank or remaining partners have not taken any steps to close further.
In this case, Bank Branch Manager is favouring Managers of firm.
Appreciate any help with these. Thanks a lot sir.