While relieving a partner in a company there are so many aspects to be taken into consideration.
His contribution, share holding, company assets, goodwill, profit/loss etc.
You might have executed an agreement while forming the company.. refer the relieving / terminating a partner clause for the same. Currently you can do the calculations as per the terms decided or decide the terms mutually.
Adv. Yogen Kakade
Advocates & Consultants