Fill in Partnership Dissolution Deed

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Partnership Dissolution Deed

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The firm and its partners
Dissolution and settlement of accounts
Name, goodwill and public notice
Registration, disputes and signing

Step 1 of 4

The firm and its partners

Name of the firm being dissolvedNeeded

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

Was the firm registered with the Registrar of Firms?Needed

The firm is registered, as stated belowThe firm was never registered with the Registrar of Firms

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

For example: Partnership Deed dated 4 April 2019

Every partner as on the date of dissolution — one line each: name, parentage, address and PANNeeded

Every person listed here must sign 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 Kavita Bansal, daughter of Rajesh Bansal, Shop No. 22, Sector 22-C, Chandigarh 160022, PAN AFRPB2212K

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PARTNERSHIP DISSOLUTION DEED

BETWEEN the partners of __________ (the "Firm"), namely the persons named in the Schedule to this Deed (together the "Partners", each a "Partner").

RECITALS

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

B. __________

C. The Partners have agreed to dissolve the Firm, for the reason recorded in clause 1 below.

NOW THIS DEED WITNESSES AS FOLLOWS.

1. DISSOLUTION

2. REALISATION OF ASSETS

3. CLEARANCE OF LIABILITIES

4. FINAL SETTLEMENT BETWEEN THE PARTNERS

5. NAME AND GOODWILL

6. PUBLIC NOTICE

6.2 Until public notice is given under section 45 of the Indian Partnership Act, 1932, a Partner may remain liable to a third party for an act done by another Partner which would have been an act of the Firm had it been done before dissolution; the Partners shall act promptly to give that notice.

7. BOOKS AND RECORDS

8. NOTICE TO THE REGISTRAR OF FIRMS

9. STAMP DUTY

10. DISPUTE RESOLUTION AND GOVERNING LAW

11. GENERAL

11.1 This Deed is the entire agreement between the Partners about the dissolution of the Firm and supersedes all prior discussion, whether oral or in writing.

11.2 No amendment is effective unless made in writing and signed by every Partner.

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

SCHEDULE — THE PARTNERS

__________

SIGNED by each of the Partners named in the Schedule above:

Signature: ______________________________

WITNESSES

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