Is it compulsory to do dissolution of partnership on a stamp paper or simply plain paper notarised is okay?

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Dissolution of Partnership firm can be at will and also as per the agreement entered into between the parties or any time frame fixed for it (efflux of time). The other one is that when one of the two partners ceases to exist.

Registration of Partnership deed is not necessary under law though, registration gives certain advantages. If the partnership deed is a registered one, it is all the while necessary to cancel the deed by way of cancellation registration.

If it is unregistered one, the firm can be dissolved by way of an agreement between all the partners on a stamp paper duly notarised. This is advisable to ward of future litigation.


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