Legal Question in Education Law in India

Deed of retirement (Partnership firm)

In a regd partnership firm, certain

partners retired. Should the

existing firm be dissolved and a

new partnership deed registered or

a deed of retirement whereby

certain partners leave the firm and

get their share. Does this deed of

retirement required payment of

stamp duty for the property given

to the retiring partner and does it

require registration under Stamp ad

Registration laws?


Asked on 4/03/09, 11:34 am

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Deed of retirement (Partnership firm)

The retirement of existing partners may require dissolution of partnership. The exclusion of retiring partners may require a new partnership deed. for registration and stamp duty etc., you may want to seek opinion from a local tax lawyer.

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Answered on 4/03/09, 9:20 pm


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