Legal Question in Business Law in India

Dear Sir,

We 4 persons had started a Partnership firm and now one of the persons wants to retire from the firm voluntarily. What is the procedure I should do?

Thanks & Regards,

Asked on 9/25/13, 9:54 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP
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Dear Sir / Madam,

You should draw up and file the retirement deed of the partner, prepare the accounts of the firm as on the date of retirement, and settle the partner of his Capital and accumulated profit (including share of Goodwill).


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Answered on 9/25/13, 10:36 am

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