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Rakesh   04 January 2024

Can a partnership deed carry on business if one partner goes abroad permanently?

Hello All,

The partnership was formed with 2 partners when both partners were resident Indian citizens. The managing partner (and the one who brought in 90% of the capital) intends to go abroad possibly permanently, while the other partner will remain in India. Both partners will still remain Indian citizens.

So can the partnership carry on as earlier?

Please advise

 

Regards

Rakesh



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     04 January 2024

Until and unless the partnership firm is dissolved. the partnership company will continue to function. 

You can peruse the partnership deed and the articles of association for more clarification. 


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