Mehul Bhanushali (CA in Practice) (174 Points)
19 June 2013IN CASE OF PARTNERSHIP FIRM HAVING MORE THAN TWO PARTNERS, SAY FOUR PARTNERS & DEATH OF ANY PARTNER RESULTS TO WHAT?
KINDLY INFORM WITH THE PROCEDURE OF WHAT TO DO NEXT?
IS THERE A NEED FOR DISSOLUTION DEED & THEN RETIREMENT DEED?
IS THERE A REQUIREMENT OF NEW PAN NUMBER OF THE FIRM?
INFORM ME & TELL ME THE PROCEDURE RELATING TO ALL THE FORMALITIES REQUIRED.
THANKING YOU.
veeru sagar
(BBE,M.com,CA Final )
(468 Points)
Replied 20 June 2013
Dear mehul
As you have explained your problems. In this case arises of death of partner and you have to reconstitution of partnership firm bcoz there are more then two partner and partnership fir require the at least two partner to continous the partnership firm. and after the reconstitution of firm the new PAN no. must be applied by new partner.there is no case of dissolution of the partnership firm...........
Mehul Bhanushali
(CA in Practice)
(174 Points)
Replied 20 June 2013
Thank You Sir.
But to inform you that there is no addition of new partner. The remaining 3 partners are continuing the business.
So is the firm required to get new PAN No.?? Reply ASAP
CAclubindia
