Partnership deed

Rucha Pawar (Querist) 19 March 2020 This query is : Resolved
A partnership deed was entered before 20 years back in between 3 partners. Now the firm has to open the demat account in the CDSL, but the cdsl requires either registered deed or notarised deed of partnership.
Sir my query is that can these partners again enter into the partnership deed , and get it notarised, taking support of the earlier deed which was not notarised.

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A partnership firm established over 20 years ago needs to open a demat account but requires a registered or notarised partnership deed. The existing deed is neither. The discussion confirms that partners can create and register a fresh partnership deed, even referencing the old one. Alternatively, they can get the existing deed notarised or reconstitute the partnership.

Raj Kumar Makkad (Expert) 19 March 2020
Yes. It can be done even now.

Rajendra K Goyal (Expert) 19 March 2020
You can get the partnership deed drafted, executed and get it registered.

Rucha Pawar (Querist) 19 March 2020
thank you so much Rajkumar sir and Goyal Sir..

Raj Kumar Makkad (Expert) 19 March 2020
You are always welcome Rucha Pawar.

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kavksatyanarayana (Expert) 19 March 2020
It is better to execute a fresh partnership deed and get it registered before the Registrar of Firms concerned than notarised.

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Rucha Pawar (Querist) 20 March 2020
Kavksatyanarayana thank you sir ..

T. Kalaiselvan, Advocate (Expert) 20 March 2020
You have the options :
1. To prepare a fresh partnership deed;
2. To get the attestation of a notary public on the existing partnership deed.
3. You can reconstitute the partnership deed using the opportunity.

The partnership is an agreement between two or more persons for sharing the profits of a business carried on by all or any one of them acting for all.
Any change in the existing agreement is known as reconstitution of the partnership firm.
Generally, reconstitution deed is executed between the continuing partner's on the strength of a retirement agreement signed by all the partners,ie., including retired and continuing partner's.

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Rucha Pawar (Querist) 20 March 2020
Kalaiselvan sir , thank you for the detailed information.

Advocate Suneel Moudgil (Expert) 21 March 2020
yes, a new partnership deed can be executed and registered between the partners with mentioning of the previous deed,

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Rucha Pawar (Querist) 21 March 2020
ok..thank you Moudgil sir..

T. Kalaiselvan, Advocate (Expert) 24 March 2020
You are welcome for your appreciations, Rucha Pawar.
You may revert with more queries, if any, for clarification.

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Rucha Pawar (Querist) 26 March 2020
KALAISELVAN SIR ,
Thank you will definitely revert for queries if any .

T. Kalaiselvan, Advocate (Expert) 26 March 2020
You are always welcome.

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