A Partnership Deed must be systematically structured, drafted, and prepared in absolute accordance with the legal provisions of:
- AProvisions of the Partnership Act
- BCompanies Act
- CRegistrar of Firms rules
- DProvisions of the Stamp Act
Solution & Step-by-step Explanation
While the mutual rights and duties are governed by the Indian Partnership Act, 1932, a Partnership Deed is a legal instrument that must be written on stamp paper of appropriate value and executed under the provisions of the Indian Stamp Act, 1899 to ensure legal validity and admissibility in a court of law.