A 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.
A 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:
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:
By legally documenting every change through a proper partnership deed amendment, you protect your business and avoid future complications.
To change partner deed in Ahmedabad or elsewhere in Gujarat, the typical documents required include:
Our team helps prepare and verify every document to ensure accuracy and prevent filing rejections.
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:
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.
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.
A legally valid amendment requires a drafted document that:
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.
All partners must sign the amended deed or addendum. Witness signatures and notarial signatures (recommended) add legal strength.
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:
When a new partner joins, the deed must reflect the new partner’s:
When a partner exits the firm, the deed must be updated to ensure:
If partners agree to change how profits and losses are shared, this must be documented legally.
When partners alter their capital contribution, whether increasing or withdrawing capital.
If the firm expands to new business areas or discontinues certain activities.
Updates required by statutory authorities.
Adjustments in partner authorities, decision-making processes, or duties.
01.
It involves partner consent, drafting an amended deed, stamp duty payment, execution, and Registrar filing if registered.
02.
Yes, a partnership deed can be amended at any stage with mutual consent.
03.
Yes, for registered partnership firms.
At DP Accounting & Taxation Services, we specialise in offering complete partnership deed amendment services in Ahmedabad and throughout Gujarat, including:
We prepare customised amended deeds that reflect your business changes precisely and legally.
We calculate the correct stamp duty applicable in your state and arrange the appropriate stamp paper.
Drafting and structuring partner resolutions and consent letters.
We handle Partnership Deed Amendment Filing and ensure timely acceptance by the Registrar.
Guidance on statutory updates – PAN, GST, bank accounts, contracts, and licences.
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.
Ahmedabad, Gujarat
+91 99040 78810
info@dptaxexperts.com
for expert assistance with:
WhatsApp us