23 March 2016
We are real brothers, both of us are partners in a two firms after our fathers death. Now my brother wants to retire and I want to include my wife into the firm. My CA is doing Induction cum retirement deed. Is that right? Is there any thing like zero hour whereby the firm converts into proprietor if induction and retirement done simultaneously in one document. we are doing the separation of both the firms and other properties under "FAMILY ARRANGEMENT" PLEASE GUIDE
23 March 2016
You can do appointment and retirement in the same deed. That shouldnt be a problem to you. Family arrangement also will not have any impact.
CAclubindia
