Partnership deed

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pradip (Querist)
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08 August 2011 PLEASE HELP ME ON FOLLOWING ISSUE

ONE OF MY CLIENT HAS MADE PARTNERSHIP DEED IN OCT 2009 FROM ANOTHER LAWYER,
THEIR TWO PARTNERS CAPITAL CONTRIBUTION IS RS. 300000/- , AS PER ACT DEED MUST BE EXECUTED ON STAMP PAPER VALUE RS. 3000/-(1 % OF CAPITAL CONTRIBUTION )
But deed wrongly executed on stamp paper of rs. 100 and also made notarized by Notary officer

i have question how i can make deed legal?
or can i amend deed by paying stamp value as per law?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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08 August 2011 Generally to avoid stamp duty the capital constribution is not mentioned. You can do the following:-
1) Pay the stamp duty with penalty
2) Redraft the partnership deed and do not mention the capital contribution amount.

It seems that your partnership is unregistered. So you execute a fresh partnership and mention that it is amendment of deed executed in Oct.2009 and then it is to be registered with Sub-Registrar Office and then with the Registrar of Firms and Society

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