Hi,

I am planning to buy a flat which is currently owned by a company. The company is a partnership between 3 brothers. Though the flat is in the name of the company, can there be unseen complications ? Also is there a higher risk compared to buying a flat from an individual ?
What are the documents i should ask for verification before i give the booking amount?
Also the owners have asked me to do an online transfer before they give me the papers, is there a way of retrieving the amount if in case i choose not to proceed with the purchase?

First Make sure that the seller is company and not a partnership firm.

In case of company you need board ressolution and if it is partnership firm all the partners need to sign the deed.

Before making the payment it is advisiable to enter into an registered agreement for sale.

Agree with Mr.Vinayak. If it's a Partnership firm, you also need to read the partnership deed & also ensure that the partnership firm is registered. 

Please do not make any online payments before getting the relevant papers & entering into an agreement.