Legal Question in Business Law in India
In a partnership firm only shares of the partners is changing. No partner is not going out and new partner is not coming. Can I prepare reconstitution deed for said firm
Asked on 12/09/15, 8:45 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
10.12.2015
Dear Sir / Madam,
Yes, you may prepare a Firm Reconstitution Deed for the said firm.
Regards,
Answered on 12/09/15, 6:05 pm
Vivek Mapara
Vivek N. Mapara
Sir
A reconstituted deed of partnership may be executed between the partners. If your partnership is registered Partnership, then the new reconstituted deed of partnership should also be got registered, since the reconstituted deed amends the old deed, though no new partner is being inducted or no old partner is being retired.
Feel free to contact should you have any questions.
Vivek N Mapara
vnmlaws.com
Answered on 12/09/15, 9:48 pm
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