Please Help: Partnership Act 1925
Posted Date : 05-Dec-2013 , 12:15:12 pm | Posted By CA Tushar Patil
Whether change in profit sharing ratio of partners amounts to reconstitution of partnership Firm? How to incorporate change in sharing ratio in partnership deed? with supplementary deed or any other way?
Category : Students | Answers : 1 | Comments : 3 | Hits : 180
Answers
Answer By: shankygarg
FIRST,IT IS PARTNERSHIP ACT 1932.
NOW - YES, CHANGE IN PSR AMOUNTS TO RECONSTITUTION OF PARTNERSHIP FIRM. AND, YOU CAN INCORPORATE IT IN A SUPPLEMENTARY DEED.
NOW - YES, CHANGE IN PSR AMOUNTS TO RECONSTITUTION OF PARTNERSHIP FIRM. AND, YOU CAN INCORPORATE IT IN A SUPPLEMENTARY DEED.
Comments
CA Tushar Patil
06-Dec-2013 , 11:19:35 amThank tou shankygarg..
SUBHASH KUMAR JHA
07-Dec-2013 , 10:40:36 amDon't Say partnership act 1925 rather say 1932.Change in profit sharing ratio is also leads to reconstitution of partnership firm and u can incorpt it in a sipplementry deed.
CA Tushar Patil
07-Dec-2013 , 11:10:10 amthank u subhash