23 August 2016
Dear all A Partnership firm was running with two partners on 13.07.2016 one partner was died and business discontinued now is to necessary to draft dissolution deed if yes kindly send me a format of dissolution deed my email id is ymnsrao@yahoo.co.in
A partnership normally dissolves on the death of the partner unless there was an agreement in the original partnership deed. Even assuming that there was such an agreement in a partnership consisting of two partners on the death of one of them the partnership automatically comes to an end and there is no partnership which survives and into which a third party can be introduced.
24 August 2016
Anurag sir You are telling that firm automatically comes to an end then what is the necessity to draft dissolution deed and sir I have not received Dissolution deed draft copy kindly send me a copy and what is amount of stamp paper required to draft dissolution deed my mail id is ymnsrao@yahoo.co.in and shankarraomn@gmail.com
27 August 2016
Sir is there any different opinion about whether to draft dissolution or not when one Partner dies out of two partners kindly let me know thanking you sir
CAclubindia
