Legal Question in Business Law in India
Indian Parnership Act 1932
Can an employee be admitted in a firm as a partner??
If yes then How ??
5 Answers from Attorneys
Re: Indian Parnership Act 1932
Yes by amending the partnership deed or having a partnership deed, the employee can be admitted to the benefits of partnership.
Re: Indian Parnership Act 1932
Yes there is always a provision in the partnership deed for admission of a new partner.If all partners agree then an employee can be admitted by amending partnership deed(change in the constitution of partnership deed)
Re: Indian Parnership Act 1932
For admission of partner, a new reconstituted partnership deed has to be made, inducting new person as partner. And then the deed has to be registered, before the registrar of partnership.
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Re: Indian Parnership Act 1932
Induction has to be in consonence with the partnership deed, and with the consent of all the partners
thereafter a new reconstituted partnership deed has to be made, inducting new person as partner. And then the deed has to be registered, before the registrar of partnership.
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Re: Indian Parnership Act 1932
Yes you can admit new partner in a firm by amending partnership deed.But yes you need to register the deed before the registrar.
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