Regading partnership deed

patel m. faruk yusuf (Querist) 07 February 2013 This query is : Resolved
respectde sir, my client stated busuness on 1st april,2012. untill deed not prepared. whether deed can be prepared after starting business? at what amount of stamp paper should i purchase?

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Guest (Expert) 07 February 2013
Yes, you can, provided you mention the effective date of start of partnership and to what extent the partners be made liable and responsible towards the legal issues, if any arises, pertaining to the period prior to the date of execution of the deed.

Advocate Bhartesh goyal (Expert) 07 February 2013
Partinership deed can be execute now but the date of starting partnershp is to mention necessarily.

R.K Nanda (Expert) 07 February 2013
agree with experts.

Raj Kumar Makkad (Expert) 08 February 2013
It shall be better to get the same registered as per local rules. Stamp duty is different from State to state.

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