Can we pay the Retiering partner his capital in CASH at the time of Retirement ???????
2 Replies
Rachit
(Ca-Final Article.)
(565 Points)
Replied 04 March 2011
No you cannot make payment to a partner in cash of his capital at the time of retirement..........
CA Abinash Agrawalla
(assistant)
(50 Points)
Replied 16 March 2011
ITS DEPAND UPON PARTNERS.. THAT HOW THEY WILL PAY TO RETIRING PARTNER OR ON THE BASIS OF PARTNERSHIP DEED..AS THEY THINK BEST...MOSTLY I THINK THAT IN P.DEED ALREADY HAV WRITTEN ABOUT MODE OF PAYMENT TO RETAIRING PARTNER......
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