Tax Consultant
1559 Points
Joined June 2009
Mr Ameet
The amendments to a partnership deed must be reduced to writing. The amendment deed should be executed on a non-judicial stamp paper. The stamp duty depends upon the state laws.
If the amendments are with regard to change of name of firm, address of the principal place or branch etc., you have to inform to the registrar of firms in the prescribed form. You have pay the prescribed fee also.
If the amendment is with regard to change of partners ie. retirement of any partner or admission of a new partner it is re-constitution of the firm. Then also you to inform to the registrar of firms in the prescribed form. You have to pay the prescribed fee.
Indian Partnership Act, 1932 is a Central Act. The rules will be framed by the State Goverment. Hence the rules may differ from State to State.
Best Wishes
Sathikonda