Change in Remuneration of Partners

Hitesh Khanna (Querist) 11 March 2015 This query is : Resolved
We partners have a mutually agreed to revise the remuneration of the partners.
The question is
1. Value of Stamp paper on which the supplementary deed of the Partnership deed will be executed.?
2. Whether the supplementary deed needs to be Norarised or is it optional to do so.?

Note : The main deed contains a provision that partners remuneration can be revised with the mutual consent of parties from time to time
Note: Previously only 2 parterns were entitled to remuneration but now all three partners will be entitled to remuneration.

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R.K Nanda (Expert) 11 March 2015
stamp duty differs in all states.

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Dr J C Vashista (Expert) 12 March 2015
Contact, engage and consult a prudent local lawyer, on payment of professional fees.

Rajendra K Goyal (Expert) 12 March 2015
If the remuneration is being revised, it can be signed and notarized.

Better get the supplementary deed registered on payment of Stamp fee as per applicable in the state.

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