Notice Regarding Closure of Business (India)
Updated 7 July 2026
This document is a formal affidavit used to declare the closure of a business partnership. It serves as a sworn statement by a partner explaining that the firm is being dissolved or closed following the retirement of a partner.
Regarding Closure Of Business
Before the ………………………………...
Affidavit of Mr. ………………………………………….,
aged about …………………………………………………. years
S/o Mr. …………………………………………..………………
Resi__________________________________________ _________________.
I, the abovenamed deponent solemnly affirm and state as under:
1. That the deponent is the partner of the firm M/s _______________________, situated at ____________________________________, and hence is fully conversant of the facts deposed below.
2. That in the firm there are three partners including the deponent.
3. That one of the partners named PS has shown his intention to retire from the firm on __________.
4. That for reconstitution of the firm the deponent has no alternative but to close the firm .
5. That the deponent is therefore, closing the business with effect from ___________.
Deponent
VERIFICATION
I, ……………………………………….…… do hereby verify that the contents of this affidavit from paras 1 to 5 are true to the best of my knowledge and belief. Nothing material has been concealed.
Dated……………. Deponent
About this template
What is this template?
Notice Regarding Closure of Business (India) is a free, ready-to-use Commercial law template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Commercial law template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with India in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Commercial law usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.