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Diviosion of Partnership Property

Querist : Anonymous (Querist) 27 July 2010 This query is : Resolved 
My father is a partner in a firm which is running on a property which is in the name of the firm.The other partner is retiring from the firm and is being provided his dues along with a part of the partnership property .What is the procedure for this and what documents need to be prepared in concern of the property being provided to him.
The firm will continue to run on the remaining property along with the introduction of a new partner.
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s.subramanian (Expert) 29 July 2010
you have to take a ded of reitement from him inwhich a mention of the sahre allotted to him.

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