Retiring deed and immovable properties


Retiring deed is made to sign in 2010 of a registered partnership firm from a widow of the partner, partners between real brothers since inception. capital account is adjusted in 2010, but immovable properties not accounted since business is going on. Now 2016 , key partner expires and his will gives all 90% properties to his daughters and rest 10% to widow family. No valuation done or Bonafide division done. Daughters don't respond either. retiring deed which was executed also not give to the widow family. Advice needed.
 
Reply   
 
subregistrar/supdt.(retired)

As per your query, it is understable that two brother did partnership business. But by whom the retiring deed was executed and who inducted as a new partner in the place of retired person?  Key partner expires, what is the status of the firm business.

 
Reply   
 



retiring deed was executed by key person let's say Mr A and Mr A added her daughter in lieu of the retiring Partner. Mr A inducted ms p ( daughter). current status business is stopped , Machinery sold and premises is given in rent. Dissolution is not yet done .
 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu