Deed of Admission of a New Partner

This Deed of Admission is made and entered into at [City] on this [Date], by and among the following partners:

• [Existing Partner 1 Name], S/o [Father’s Name], residing at [Full Address], PAN: [PAN]
• [Existing Partner 2 Name], S/o [Father’s Name], residing at [Full Address], PAN: [PAN]
• (Add more existing partners as applicable)

AND

• [New Partner Name], S/o [Father’s Name], residing at [Full Address], PAN: [PAN]

(Hereinafter referred to collectively as the “Partners”)

WHEREAS:

• The existing partners were carrying on business under the name and style of M/s [Firm Name], as per the Partnership Deed dated [Original Date].
• The partners have mutually agreed to admit [New Partner Name] as a partner in the firm effective from [Effective Date], subject to the terms and conditions stated herein.

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. Admission
   The incoming partner [New Partner Name] is hereby admitted as a partner in the firm M/s [Firm Name] from [Effective Date].
2. Profit Sharing
   The profit and loss sharing ratio shall be revised as follows:
   • [Partner 1 Name] – ___%
   • [Partner 2 Name] – ___%
   • [New Partner Name] – ___%
3. Capital Contribution
   The new partner has introduced capital of ₹_________, which has been duly credited to the firm's capital account.
4. Rights and Duties
   The incoming partner shall be entitled to share in all the assets and goodwill of the firm and shall also be liable for all liabilities of the firm arising after the effective date. He shall comply with all terms of the original partnership deed unless specifically modified herein.
5. Original Deed to Continue
   Except as expressly modified herein, the terms and provisions of the original partnership deed shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have signed this Deed on the day and year first written above.

Signed and Delivered by:

• [Partner 1 Name]
• [Partner 2 Name]
• [New Partner Name]

Witnesses:

1. Signature: ____________ Name: ____________ Address: ____________
2. Signature: ____________ Name: ____________ Address: ____________