Partnership Deed Amendment

Partnership Deed is a fundamental document for the firm as it governs the firm’s operations and activities.


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Reasons of change in Partnership Deed

Filings First

Change Deed in 3 easy steps

  • Fill in our questionnaires that take less than 10 minutes
  • Provide basic details & documents
  • Make payment through secured payment gateways
  • Assigned Relationship Manager
  • Drafting of Supplementary Deed
  • Payment of stamp duty on the deed
  • Notarization of deed

Filings First

Process to modify Partnership Deed

  • Discussion and consultancy for required changes
  • Collection of basic Information & documents
  • Drafting of the supplementary deed
  • Review and provide deed after signature
  • Payment of required Stamp Duty
  • Notary on the signed supplementary deed

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Once the deed is prepared by the professionals and confirmed by the partners, appropriate stamp duty is paid on the agreement. The notarization of the deed is followed
by the signature of all partners reflecting their approval for the change.

Stamp duty is variable and based on the concerned State law of firm. It is calculated based on the capital contribution involved in the change. However, if there is no change in capital, the supplementary deed must be executed by payment of Rs 100/- towards stamp duty (included in package cost). The stamp duty in addition to said amount shall be payable separately.
If the original partnership deed is duly registered with Registrar of Firms, then any modifications must also be notified to the RoF after its execution.
The addition of a new partner can be made in a manner prescribed by the effective Partnership Deed. The partner to be added should fulfill the requirement as prescribed in the deed if any. The change of partner in partnership deed must be reflected along with the date of addition, terms, and conditions of joining, etc.
The resigning partner should first intimate about his willingness to resign to existing partners through resignation letter. The notice period can be as decided and mentioned in the DIN. Further, all the partners including the exiting partner have to enter in agreement (supplementary deed) whereby all the conditions and fact of exit should be enumerated.

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