Loss of Partnership Deed

This query is : Resolved

Yaswanth N (Querist)
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13 February 2009 Hi,

We are a partnership firm in business since 2005. Recently we have lost our partnership deed which has been registered with the registrar of firms in 2005. I have tried to retrieve the documents from the registrar of firms but they dont have a copy either. What is the best way to proceed?
Do we have to launch an FIR? If so how long will it take before the police declares that the deed is lost and we need to make a new deed? Can we make a new deed immediately after filing or without filing the FIR?
In the new deed what should be the terms and conditions be with respect to the loss of the deed (How do we mention it there)? Will the conditions in the old deed apply even after the new deed is signed or can we make it void? How will the conditions in the old deed be enforced if its not available?

Rajesh Kumar

Rajesh Kumar (Expert)
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15 February 2009 When a deed is registered, it is not possible that registrar doent have a copy. Just that you have to find it in his office.
You may have submitted the copy to various places, like bank. Thay may have a copy.
Even when copy is not available, all the partners can make a new deed, placing on record that last deed was lost. They can specify that in future the partnershion will be governed by new deed.