Deed of dissolution of partnership
ashok khare
(Querist) 07 April 2012
This query is : Resolved
Please guide me,
I want to make Deed of Dissolution of Partnership.
Which Stamp Paper I have to use for making such Deed.
Whether I have to get it Register from Registrar or not.
Whether I have to Notarize it or not.
Raj Kumar Makkad
(Expert) 07 April 2012
You shall have to use Non Judicial Stamp Papers and shall have to get it registered with Registrar firms and societies.
adv. rajeev ( rajoo )
(Expert) 07 April 2012
On Rs.1000/- non juidicial stamp paper you have to make dissolution deed and you have to submit the same to REgistrar of firms
A V Vishal
(Expert) 07 April 2012
When the relation between all the partners of the firm comes to an end, this is called dissolution of the firm. Section 39 of the Indian Partnership Act, provides that “the dissolution of the partnership between all the partners of a firm is called the dissolution of a firm.” It implies the complete break down of the relation of partnership between all the partners.
Dissolution of a partnership firm merely involves a change in the relation of partners; whereas the dissolution of firm amounts to a complete closure of the business. When any of the partners dies, retires or become insolvent but if the remaining partners still agree to continue the business of the partnership firm, then it is dissolution of partnership not the dissolution of firm. Dissolution of partnership changes the mutual relations of the partners. But in case of dissolution of firm, all the relations and the business of the firm comes to an end. On dissolution of the firm, the business of the firm ceases to exist since its affairs are would up by selling the assets and by paying the liabilities and discharging the claims of the partners. The dissolution of partnership among all partners of a firm is called dissolution of the firm.
Dissolution of a Partnership firm may be effected in the following ways:
•Dissolution without the intervention of the Court.
•Dissolution by Court.
Draft a dissolution deed and file it with ROF and in A.P additionally a notice of dissolution must be published in the Gazzette.
ajay sethi
(Expert) 07 April 2012
agree with experts
Nadeem Qureshi
(Expert) 07 April 2012
Dear Ashok
i am fully agree with experts opinion
V R SHROFF
(Expert) 08 April 2012
On requisite non juidicial stamp paper you have to execute dissolution deed and have to submit the same to Registar of firms
