Introducing A New Partner In An Existing Partnership

As per the Section 31 of the Indian Partnership Act, 1932, it is essential to obtain the consent of all the existing partners in the firm to introduce a new partner in the partnership firm, after obtaining the consent of all the partners, it is subject to the partnership deed. Either a new partnership deed is to be made or some amendments should be made in the existing partnership deed. At the time of execution of fresh partnership deed presence of all the existing partners along with the new partner and witnesses is essential. All the partners are required to carry the original copy of their respective Permanent Account Number (PAN) as well as residence proofs.

The date when the fresh partnership deed is executed the previous partnership deed shall stand superseded.

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