Deed recording one partner taking over the business as a going concern
A single format from the Partnership: Dissolution and the Deed of Dissolution pack. Indian Partnership Act 1932, s.40; Income-tax Act 1961, ss.9B and 45(4).
- 5 pages
- 78
- Word and PDF
- 14 September 2026
What it covers
- 1Deed recording one partner taking over the business as a going concernIndian Partnership Act 1932, s.40; Income-tax Act 1961, ss.9B and 45(4)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
DEED OF DISSOLUTION AND TAKEOVER OF BUSINESS AS A GOING CONCERN
THIS DEED is made at [Place where the Deed is made] on this [Day of the month the Deed is made] day of [Month the Deed is made], [Year the Deed is made].
Between
1. [Continuing partner's full name], aged about [Continuing partner's age (years)] years, son / daughter / wife of [Continuing partner's father's, mother's or husband's name], resident of [Continuing partner's residential address], PAN [Continuing partner's PAN], hereinafter referred to as the “Continuing Partner”, of the One Part;
And
2. [Outgoing partner 1's full name], aged about [Outgoing partner 1's age (years)] years, resident of [Outgoing partner 1's residential address], PAN [Outgoing partner 1's PAN]; and 3. [Outgoing partner 2's full name], aged about [Outgoing partner 2's age (years)] years, resident of [Outgoing partner 2's residential address], PAN [Outgoing partner 2's PAN], hereinafter together referred to as the “Outgoing Partners”, of the Other Part,