Reconstitution of Partnership firm
Suresh
(Querist) 23 March 2009
This query is : Resolved
Is it right that the reconstitution of partnership firm without the approval of existing partners or the legal heirs of the deceased partner is null and void.
If yes, kindly cite me the relevant provisions or case laws...
Thanks and Regards
Suresh
A. A. JOSE
(Expert) 24 March 2009
I endorse Mr.Perumal's view.
J K Agrawal
(Expert) 25 March 2009
Re construction of partnership is not a recognised term in law. Any slightest change in partnership deed means creating a new partnership and certainly it repuires signature of all the partners. Section 31 is clear on this point
Hiralal Das
(Expert) 04 April 2009
Yes,I agree with my learned friends. Please try to follow their valuable opinions.
Suresh
(Querist) 05 April 2009
Thank you all for your valuable suggestion