Partnership Deed is the fundamental document for the Partnership Firm. The activities of the partnership firms are administered by the clauses entered under the Partnership Deed. In case the partners want to change the terms or any other clause including the terms of remuneration, the original Partnership Deed must be altered by entering into Supplementary Agreement.
NEED OF CHANGE IN PARTNERSHIP DEED • Change in terms between the Partners • Change in Place of Business of Partnership Firm • Addition or reduction of capital in the firm • Modification of rights & obligations of Partners
DOCUMENTS REQUIRED FOR CHANGE IN PARTNERSHIP DEED • Original Partnership Deed of the firm • Any supplementary Agreement made afterwards • Proposed changes in the terms of the Agreement
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