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How to reconstitute partnership firm

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18 April 2015 Hi..... i have partnership firm in which there are 2 partners out of which one wants to resign form this partnership firm and another 2 are ready to enter in that firm. But this partnership had not started their business till now. So how can I reconstitute it. Kindly provide me the compalete procedure and list of dcouments required for this???? and pls tell me how much value of stamp paper is required to reconstitute it?????? Pls hlp me on urgent basis......

18 April 2015 The new 2 partners should first be admitted as partners and the one who wants to resign, can be retired after admitting the new partners.
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For stamp paper value, you may refer the State.
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Documents: It is advisable to obtain PAN Cards of Partners, Address Proof, Any other proof of Identity, Proof as regards the address of the firm etc.
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18 April 2015 http://www.ncert.nic.in/NCERTS/l/leac104.pdf


18 April 2015 http://www.ncert.nic.in/NCERTS/l/leac104.pdf

18 April 2015 http://www.ncert.nic.in/NCERTS/l/leac104.pdf

18 April 2015 sir can i resign the old partner and admit the new partner in single reconstituted partnership deed???

18 April 2015 You can do the two things in a single deed but not in the same order as mentioned by you. You have to refer my earlier reply.
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