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Partnership Deed.

Accountancy

If Partnership deed is optional as per Partnership Act 1932. But if a new partner is admitted, how to mention the conditions without a proper deed?

Balamurali Unnithan M S

CA Inter

★ 3K+

13-May-21 19:18

648

Answers (8)

By new ratio

Ankith Kumar R R ankith

CA Foundation

★ 5

13-May-21 19:57

Ankith Kumar R R ankith

By new ratio

A deed includes so many conditions,not only the profit sharing ratio !

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

13-May-21 20:00

And hence, partners normally prepare it, even when it's optional.

Sahibdeep Singh

CA Inter

★ 14K+

14-May-21 12:41

It's not prepared, After some years, Admitting a partner, New partner needs to execute the deed for the admission, how to prepare it without the actual deed.?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

14-May-21 16:50

Thread Starter

Balamurali Unnithan M S

It's not prepared, After some years, Admitting a partner, New partner needs to execute the deed for the admission, how to prepare it without the actual deed.?

Prepare both deeds with retrospective effect. consult a practicing CA pls.

CA Suraj Lakhotia

Admin

14-May-21 17:36

The old one with the retrospective concept.

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

15-May-21 16:05

Thread Starter

Balamurali Unnithan M S

The old one with the retrospective concept.

We cannot provide consulting on such matter. Pls consult a practicing professional.

CA Suraj Lakhotia

Admin

15-May-21 18:36

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

16-May-21 12:57