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Srinivas Patimedi   13 August 2025

Rights of the partner in a partnership firm

I am on eof the partner in a firm and live overseas. The managing partner is breaching the code of conduct by not disclosing the money receipts and not forwarding the bank statements when requested. Total partners in the firm are 5 and If I want to remove the managing partner, do I require a majority of them supporting it. Worst case I am planning to transfer the position to myself or the other partner living locally. Please advise Regards Shree


 1 Replies

Dr. J C Vashista (Advocate )     13 August 2025

You will have to pass an unonimous resolution of all other partners to remove the Managing Director.

Besides this, all partners should seek accounts of the firm. 


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