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Change Partner Deed

Change Partner Deed in Ahmedabad | Partnership Deed Amendment Services in Gujarat

partnership deed is the foundational legal document of your business partnership. It defines the relationship between partners, their rights, obligations, profit sharing, capital contribution, and how the firm should operate. But as your business grows, changes in ownership, responsibilities, capital contribution, or business activities often require a change in the partnership deed to reflect the new reality. 

At DP Accounting & Taxation Services, we provide professional partnership deed amendment and partner deed change services in Ahmedabad, Gujarat, and across India. Whether you need to add a partner, remove a partner, or update key terms in your deed, we help you navigate the legal process smoothly, accurately, and compliantly. 

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Clients Across all over India

What Is a Partnership Deed Amendment?

partnership deed amendment refers to any change made to the original partnership deed after it has been created and executed. Amending the deed is essential whenever there is: 

Admission of a new partner

Wrong or duplicate registration

Change in profit-sharing ratio

Change in capital contribution

Why You Need to Change the Partnership Deed

A partnership deed governs key aspects of your business and protects both the firm and the partners. Not updating the deed when changes occur can lead to: 

Legal disputes between partners

Incorrect records with tax authorities

Issues in opening or operating business accounts

Difficulty in statutory compliance

Problems in contracts and external works

By legally documenting every change through a proper partnership deed amendment, you protect your business and avoid future complications. 

Documents Required for Partnership Deed Amendment

To change partner deed in Ahmedabad or elsewhere in Gujarat, the typical documents required include: 

Existing partnership deed

Draft of amended partnership deed or addendum

Partners’ resolution showing consent

Identity and address proofs of all partners

Capital contribution details

ROC/Registrar filing documents (if registered firm)

Our team helps prepare and verify every document to ensure accuracy and prevent filing rejections. 

How to Change a Partner Deed in India: Step-by-Step Process

Amending a partnership deed isn’t as simple as striking out a clause and writing a new one. It involves legal documentation, partner consent, and compliance with statutory requirements. 

Here’s the step-by-step process: 

Step 1: Review the Existing Partnership Deed

Start by reviewing the current deed to identify clauses that require change. This ensures clarity on what needs to be amended and forms the basis for drafting the amendment. 

Step 2: Partner Consent & Resolution

All partners (existing and incoming if applicable) must agree to the amendment. Consent is formalised through a partners’ resolution stating the nature of change and approval. 

Step 3: Draft the Amended Partnership Deed

A legally valid amendment requires a drafted document that:  

  • Clearly shows changes to the original deed 
  • Includes names of all partners after amendment 
  • Specifies new profit ratios, duties, and terms

Step 4: Stamp Duty Compliance

Under Indian law, any amended partnership deed must be executed on stamp paper of appropriate value based on state stamp duty regulations (e.g., Gujarat Stamp Duty). Proper stamping is essential for legal enforceability. 

Step 5: Signatures & Execution

All partners must sign the amended deed or addendum. Witness signatures and notarial signatures (recommended) add legal strength. 

Step 6: Filing & Compliance

For registered partnership firms in India, the amended deed must be filed with the Registrar of Firms using the prescribed form (Form V) and accompanied by:  

  • Amended deed  
  • Application for registration  
  • Fees as per government rates 

Types of Changes Covered Under Partnership Deed Amendment

Addition of a New Partner

When a new partner joins, the deed must reflect the new partner’s:  

  • Capital contribution  
  • Profit and loss sharing ratio  
  • Rights and responsibilities  
  • Joining date 

Removal or Retirement of a Partner

When a partner exits the firm, the deed must be updated to ensure:  

  • Settlement of accounts  
  • Release of liabilities  
  • Redistribution of shares 

Change in Profit Sharing Ratios

If partners agree to change how profits and losses are shared, this must be documented legally.

Change in Capital Contribution

When partners alter their capital contribution, whether increasing or withdrawing capital.

Change in Business Activities

If the firm expands to new business areas or discontinues certain activities.

Change in Firm Name or Registered Address

Updates required by statutory authorities.

Change in Management or Partner Powers

Adjustments in partner authorities, decision-making processes, or duties.

FAQ Question

FAQs – Frequently Asked Questions

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Partnership Firm Amendment Services in Ahmedabad & Gujarat

At DP Accounting & Taxation Services, we specialise in offering complete partnership deed amendment services in Ahmedabad and throughout Gujarat, including: 

Deed Drafting & Amendment

We prepare customised amended deeds that reflect your business changes precisely and legally.

Stamp Duty Advisory

We calculate the correct stamp duty applicable in your state and arrange the appropriate stamp paper.

Partner Consent Documentation

Drafting and structuring partner resolutions and consent letters.

Filing with Registrar of Firms

We handle Partnership Deed Amendment Filing and ensure timely acceptance by the Registrar.

Post-Amendment Compliance

Guidance on statutory updates – PAN, GST, bank accounts, contracts, and licences.

Get Started: Partnership Deed Change in Ahmedabad

Amending your partner deed in Ahmedabad or elsewhere in Gujarat should be precise and legally compliant. Don’t risk costly disputes or compliance issues—trust experienced professionals to handle your partnership deed amendment with accuracy. 

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Ahmedabad, Gujarat

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+91 99040 78810

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info@dptaxexperts.com

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