Fill in Partner Retirement / Admission (Reconstitution) Deed

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Partner Retirement / Admission (Reconstitution) Deed

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The firm and its partners
What is changing
Capital, profit sharing and continuing terms
Registration, disputes and signing

Step 1 of 4

The firm and its partners

Name of the firm being reconstitutedNeeded

For example: Nair Bansal Trading Co.

Principal place of business of the firmNeeded

House / flat / plot no.

Street, sector or locality

City area and PIN code

Is the firm registered with the Registrar of Firms?Needed

The firm is registered, as stated belowThe firm is not registered with the Registrar of Firms

Reference to the partnership deed (or last reconstitution deed) now being reconstitutedNeeded

For example: Partnership Deed dated 4 April 2019

Continuing partners — one line each: name, parentage, address and PANNeeded

Every partner who remains a partner both before and after this Deed. Each signs this Deed.

A long answer. Several lines are fine, and a break you make between paragraphs is the break the document keeps.

For example: Rohit Nair, son of Suresh Nair, House No. 1204, Sector 33-C, Chandigarh 160020, PAN AAECN5678L

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DEED OF RECONSTITUTION OF PARTNERSHIP

RECITALS

A. The Firm was constituted under __________, carrying on business from its principal place at __________.

B. __________

NOW THIS DEED WITNESSES AS FOLLOWS.

1. RECONSTITUTION

2. THE OUTGOING OR DECEASED PARTNER

3. THE INCOMING PARTNER

4. REVISED PROFIT SHARING AND CAPITAL

5. OTHER TERMS

6. NOTICE TO THE REGISTRAR OF FIRMS

7. STAMP DUTY

8. DISPUTE RESOLUTION AND GOVERNING LAW

9. GENERAL

9.1 This Deed, read with the deed referred to in Recital A, is the entire agreement of the partners about the constitution of the Firm from the Effective Date.

9.2 No further amendment is effective unless made in writing and signed by every partner then continuing.

9.3 If any provision is held invalid or unenforceable, the rest of this Deed continues in effect.

SCHEDULE — THE PARTIES

Continuing Partners: __________

SIGNED by the CONTINUING PARTNERS:

Signature: ______________________________

WITNESSES

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