ADMISSION OP A PARTNER

Ad miss1on
forther mcanS inclusion o ne person
pa ther to an
extstng irm. The neuo porsther joins the busincsS
is also eno
1 ComiAg poyther anePeBA or new partheT.
Accovdina to SecHon 3 ndion pmthership Act 1132 a neo

Parther shall be admitted wth the consct of aw other parrtner

0 AS
per term8 o Pam+nershipe ded
Neus patner brings agreed capHa an admission.

*ToimportantTights od neoincoming PaHher

L Kiaht to shove dutune pso+s o busness.
2-Right to shaye in the assets
od the
HTm
NeuD pather alSobeco me líoble jor liobiliies oj fr

ADMIS31DN
ADJuSTMENT RESUIRED oN
Toti0
Calculation Ne0 roit s howing oio Sacriieeng
o
Adjustment o gc0dwil Cremium dor goodoili)
Deeyed revenue txpendituTe.
Adjustme nt reser ves Actsmulated PsL
,

Revoluotion o Asse+S A Reva lu«tion o io b

AdjuStme nt capital
Preprohon of TeconStHHUted botance sheet

CALCOLATION OP NEW PROPIT SHARIND RAT10 SACRJfICIN RATIO

(Same as done in chonge fSR

Neo pather aetS his/her shove rom CxiStng parthers 1C One

Dr more
ex)sng Pothey sacrítlce thei s hae towomds ne paTineTS
Tuw undersand colculaion oneo Pot s hari ng
ratjo shag
Some imc -on 0r move enising Parthen may als0 a on

amissioun ne PoTtner.
 n sR
HAININ RATID SACRIFICINbt RATIO-(AlTeody discuso inhange

Rato- 17 atio in wwch

meouw qcù ning faTthers un
hey satio
in hich Sacriicing parher Sace
Sacipicig Rotio -1+
+heir
Meow yoio

CALCULATION DF NEW RAT1O

321
Case-1) x:Yiz ate pariners r
A is odmitted or /4th Sharre o fsepit

fet lotal Shave =

- /4
A Shose

Remaining shate oX:y:2 =

Ne Shove x
Neu Shave 32)2
yS Neu shoTe 6
24 Y 2 A

Neo Shore 24When nothing is specified in BuestHon

24
the

A Ne shove = E
0td roio =Sacridici
4X6 24

Caset-2)As6 e Pasttnesis 8 2 cfs admitted for yst Shore

Protits and AS8 decid to Sharse dutUTe proits S:3 ind NEu Rorlo

to-tol have = 1
iet

cS Shae

Remauning Shose o AAB 6

ANeu shore x 24-8

BNeu Sharc
4
NR 2SiC:468
C shave aiven) _AB
y8
Ooc 3)X andY aye' pasithers. 2 ís a dmitted 1or y ha
h aceüres cquallyromX and Y. Hnd Neo Totiof SK

2
acduiTes rom t X
2 acqures rom Y x

XNeo Sha NR: 42:16 21 11:8

YNe Shaye 22
SRDf XAY= 1
30

2 shase
80
uoich
4X and Y aH 3
pathens, z admited for/h S hare

he acduves n 2 Tom x and y. n d Ncud raHo0

z acquse s (om X

2 acuives Tom Y
Neuo ratHo

NR211is80
Y3
2 30

Xand Y ae pathers 3:2 2 admited and he acewres

Shoye Shave and 2/th o ys Shame.

New Share

YNe Shove *) NR12:6:

2
X nd Y ate cdual ad miecd tor V6th shave
prthers. I and
and share

e+ tot6l Shave

T'S shase '/6 F sharo : '/r

Remaining shaste =

xS Neu
shoTe: 19 x
y's NeAD Shate NR 1711 1210
T'S shae
60

p's S hore a ven

YC

XY, 2. die 3:21 PamnerS A is qdoi-Hed dor h Share and

z u retasned ui oigioncu Share

e4to-+ea shae =1 cosl

As s hare z shore

Remaining 8hase oxRy l-

xS neo shone :3

ys neu
shove 30
A'S share 1Ven = 1*N

shaTe

NR 128 0
3) N and N c pathc'rs 41. M SUTTC hders /4h o u Share

Ond SurTendey
2of hu shae in favour

Ne PSR

A nc Shae
2.6
's
N New shan

osharc
20

NR17 2*6 =6:1:3

PREMIUM foR t0ODWlLL

meameaw Compen sation paid by incoming parher
he
Sacriscdnm Pars+he do their
saeriicein Proit
shore +ouayds the inc0 ming PosHher

remium or oodsill bicodoill oj the

=
iTm XNe PaTHer Shrre

Case 4)wheneucra neto Pathe 18 admitted hen cri s+ ng COduoi

Goppearing in Batonce shect) to be uriHten
old
amon
popiers n old ro4o
ratther's capito HC X (Otd 70io)
To oodwm Alc

Cbeing cxisting qoodwin wvitten o1)

Cose 2) hen Pf u paid privo 1ely (out side o busincss)
Cosh Bon 0Y
(capitol broug v)
To Ne prthers eapital AtC
ND Seprat entry Pas sed tor PF)
Case ss) lhen TPot Pad n cush! banF

a) Cosh |Bon AlC

To Neu Pather copitol AC

To Premium or 200duoi AC XAX

) oemium tor ncodoill AlCc X*X

aining Parther'scapi+el He X*

an)
To Socriicing PaHhe7S copio) AC AX

(6eog Pf adjust ed among Pathes)

ad mission
Note 1F an old parther| erísin Patner ga on

witbe debyed
hen
h en sueh PortherS copial/ euTTent AlC

wih i(her s hare