Partnership
Debashis Mandal
(Querist) 29 May 2012
This query is : Resolved
Respected Experts
How to admit a new partner into a partnersh? Is it making of sheet of amendment? again is the said sheet is to be registered under notary again? & if the deed is already registered under partnership act then is the same process is again to be followed or not? what will be the amount of stamp duty to amend in west bengal
Thanks
Debashis Mandal
Chanchal Nag Chowdhury
(Expert) 29 May 2012
Make out a partnership Deed. Go to Poddar Court. Get a fresh form & Submit again.
Suhail A.Siddiqui
(Expert) 29 May 2012
Make a fresh P.D.If it is registered deed, you must file amendment in old registration. Notarial attestation is not sufficient.
A V Vishal
(Expert) 29 May 2012
Section 30 of Indian Partnership Act, requires that such partner can be introduced only with the consent of all the existing partner. The consent is put in writing by signing a agreement which is called as Deed of Admission. The Deed of Admission must contain the terms regularly contained in Partnership Deed along with the terms of introduction on new partner. It may specifically contains the details of capital introduced by new partner, the new profit and loss sharing ratio amongst all partners, new terms of payment of remuneration to the partners and other terms and conditions laying down rights and duties of partners, etc.
The Deed of Admission must bear the necessary stamp payable under the stamp act applicable in the state in which the partnership deed is signed. It is also advisable to get the deed registered with the Register of Firms of the concerned state in which partnership business is constituted.
