03 June 2024
Sir In a unregistered & notarised Partnership with 2 partners, if one of the partners say resign on x date ( Partnership is at Will) and on the same date another partner is inducted. Q 1. Whether approval of exiting partner is required? ( No clause in the Deed regarding approval of existing partner) Q2. Whether firm can be continued with the induction of a new partner ? Q3. If a Non registered firm is continued even after dissolution, does it attract any penalty or offence?
CAclubindia
