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Change Partnership Deed

Partnership Deed is a written contract between the Partners of a partnership firm. The mutual rights and duties of partners shall be governed by the agreement between partners, which is called Partnership Deed.

Partnership may be amended by the partners through the execution of a supplementary deed and notarizing the same on payment of appropriate stamp duty.

Circumstances require change in Partnership Deed

 To change in Terms and Conditions of Partnership Deed.

 Change in the Capital Contribution of the partners.

 To change in the Capital Ratio introduced by the Partner (s).

 Appointment of a New Partner.

 Retirement of a Partner.

 Resignation of a Partner.

 Modification of any Rights and Duties of the Partners.

 Change in Profit sharing ratio.

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Process for Change in Partnership Deed:

1) Preliminary Requirement

 Provide basic details & documents

 Make payment through our secured payment gateways

2) Execution and Drafting

 Drafting of necessary resolutions and documents

 Drafting of Supplementary Deed

3) Filing

 Notarization and Payment of stamp duty on deed

All it takes is 5-6 working days*

Procedure to modify Partnership Deed:

Day 1:

 Collection and Collation of basic Information & documents

Day 2 - 4:

 Preparation of necessary documents

 Drafting of Supplementary Partnership Deed

Day 5 - 6:

 Notarization and Payment of stamp duty on deed

Documents require to change in Partnership Deed

 Partnership Deed (Along with supplementary deed)

 Copy of PAN card of the Partnership firm to be provided (if registered