Dear Frnds,
What should one has to do when a partner leaves a partnership firm. what are all the effective changes one has to make?
Regards
sudeeP
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 28 January 2013
Pleae do the following:
1]. A change in the constitution of the firm is requried to be made by making an application to the ROF in the prescribed form. A revised P'ship deed shud be made contaiting the details of the partner who retired, the existing partners their PSR, capital contribution etc..
2]. submit the notarized copy to the ROF and get ti registered.
3]. Intimate the change to the Debtors/Creditors.
4]. Make the necessary updates in the Bank Setails. Inform the bank about the authorized signatories.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)