The Deed of Retirement will officially relieve a partner from his responsibilities in a partnership. A partner or partners may retire from the firm due to the various reasons like old age, better opportunity, ill health, conflict between the partn..............
Read More ContactWhen the relation between all the partners of the firm comes to an end, it is called dissolution of the firm. Deed of dissolution of a partnership involves winding up of the partnership and the sale of assets to a third party and the business carr..............
Read More ContactReconstitution of a partnership firm takes place whenever there is a change in the profit sharing ratio among the partners, admission of a new partner, retirement of a partner and death or insolvency of a partner.Any change in the existing agreeme..............
Read More ContactA partnership deed is a document that outlines in details the rights and responsibilities of all Partners to a business operation. It has the force of law and is designed to guide the Partners in the conduct of the business. It is helpful in preve..............
Read More ContactAccording to the Indian Partnership Act 1932, no new partner can be taken in a firm without the consent of all the existing partners. The new partner when admitted is called Incoming Partner. An incoming partner is not liable for any act of the fi..............
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