Dear Vishal sir,
Thanks for the reply.
I've checked the provisions of partnership act, but it can't explain in details about the retirement & admission procedure.
Dear Rajesh sir,
Thanks to you also. only one partner is retires from the firm and the other 9 partners are same. Out of these previous partners, one partner sold his half share and additional 7 persons are admitted as new partners.The new partners introdue some amt. as initial capital in the firm & the same will be repaid to the retired partners and the partner who sold his half share against their principal capital in the firm.
The previous partners doesn't want to create new firm, but they treat it as a supplementary deed.
I'm not able to draft the above things, pls. provide me the draft.