Sanjayzany (practice) (39 Points)
20 April 2010in a existing partnership firm one of the partner is retiring and simultaneously new partner is coming my queryy is whether this retirment and induction can be done by a single partnership deed or separate deeds to be prepared .And can i get a format of the same.
Thanks
sanjay
CA Sanjay Jha
(ACCOUNTS MANAGER)
(914 Points)
Replied 20 April 2010
Dear Sanjay
This may be done by single deed or seprate.matter is that a deed must be very clear and conveincing.
So that it decided by u because u have already in practice. when u draft deed u must think that in future no any disputed created.
Sample of deed available on CA Final GMCS books.
Thanks
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