Partnership

udai s parmar (Querist) 25 January 2013 This query is : Resolved
Presently there are two partners in a firm, one of the existing partner wants to retire and in its place,a new partner wants to join.

Can admission and retirement be done in the same deed- any particular care needs to be taken while doing so?

Follow Query

Report Abuse

ajay sethi (Expert) 25 January 2013
better admit a new partner first . then deed of retirement should be prepared

Raj Kumar Makkad (Expert) 28 January 2013
It is not possible in one deed rather do as advised by Ajay. Generally such method is adopted all over India.

udai s parmar (Querist) 29 January 2013
Thanks Shri Ajayji and Shri Rajkumarji

Raj Kumar Makkad (Expert) 29 January 2013
Most welcome from your side.

ajay sethi (Expert) 29 January 2013
thanks for your appreciation

V R SHROFF (Expert) 29 January 2013
Id one retire first, partnership do not exist.

So first admit one, so 3 paretner, then let one resign , so two continue prtship

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries