Continuation of registration requires ascertainable allocation of partners' losses; otherwise fresh partnership deed and re-registration required. Continuation of registration when a minor attains majority is allowable only if the original partnership deed enables ascertainment of partners' shares in losses so there is no change in the partners' shares; absent such specification a fresh partnership deed must be executed and a fresh application for registration filed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Continuation of registration requires ascertainable allocation of partners' losses; otherwise fresh partnership deed and re-registration required.
Continuation of registration when a minor attains majority is allowable only if the original partnership deed enables ascertainment of partners' shares in losses so there is no change in the partners' shares; absent such specification a fresh partnership deed must be executed and a fresh application for registration filed.
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