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Is a partnership deed necessary to form a partnership firm?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakkesh asked almost 3 years ago

Is it necessary to form partnership deed to partnership firm?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

In india as per provision of partnership act.1932 partnership deed is not necessary to form a partnership firm. However, only registered deed can be used as an evidence in court of law in case of violation of deed matter by partners. It will be healthy practice if partnership deed is registered otherwise the firm or their partners can not take any legal action against the partners or outsiders in case of any dispute.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

in india as per provision of partnership act.1932 partnership deed is not necessary to form a partnership firm

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