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Member (Account Deleted)   18 August 2021 at 00:07

Partnership to proprietorship

Me and my father(late) registered a partnership firm (50-50). My father was the managing partner of the firm. It was specifically mentioned in the deed that in case of death of any of the partner partnership shall not dissolve and share of the deceased will be automatically transferred to the other partner. Now my father has died. What do I need to do? Has the partnership automatically dissolved as I read somewhere in case of only two partners in a partnership, partnership shall dissolve automatically. Or in case of the above mentioned clause in the deed the partnership has automatically been converted to sole proprietorship? We have not yet registered for get as partnership.
Regards

Anonymous   17 August 2021 at 23:11

It companies severance pay

Does private companies like MNCs (Employers) esp in Hyderabad have any legal obligation to pay severance package to their terminated employees in the name of organization strategies ? Or how to protect/defend or what laws are there for the pvt employees being removed from service without any severance pay ?

srinivas   17 August 2021 at 17:30

Income tax

my self and my wife have investments in many mutual funds . as both of us are in 30% tax bracket ,can we give some of the funds as gift by making gift deed/deeds to our daughter who is still in the lowest tax bracket . will it invite any legal issues and taxation issues for us. since some folios are in single names and some are in joint names ,do we have to make separate giftdeeds as per our mutual fund folios . is yes what will be the charges per gift deed in maharashtra

srinivas   17 August 2021 at 17:22

Rights of third holder in property

sir
we want to buy a house and register it in the joint names of self ,spouse and daughter(who is 22years) . daughter is not contributing any amount for purchase of property but since she is the only child we want to include her name so that we need not make any separate will so that property goes to her after our death . will this invites any problems post her marraige or aftre death of myself or my spouse . pl advice

Vijaya Bhaskar   17 August 2021 at 16:12

Permission for old age homes

Dear Learned Experts
We are a registered Trust having 12AA, 80G in Karnataka serving people with disabilities for the last 24 years. Now we would like to extend our services to Old Age Homes (Senior Citizen or any age who are orphans). Though we have the objectives in the trust deed to carry such activities, do we need to obtain any special permission to run the Old Age Homes from the government. What are the Acts that regulate such old-age homes? Appreciate you thoughts and suggestions

Anonymous   17 August 2021 at 14:55

Penalty

Respected Sir/Ma'am

When will minor penalty be imposed, after the currency of the penalty period or prior to that?

Sachin Gupta   17 August 2021 at 14:17

Posession letter lost by seller . can i buy the property ?

Hi Experts,

I am interested in buying a property but the seller has lost the orignal posession letter (He has the photocopy ). The convence deed , builder buyer agreement and the orignal allotment letters are present .

Can I buy the property without posession letter (orignal) .

Will I be able to resale it ? Please guide

Anonymous   17 August 2021 at 13:45

Quashing of fir u/s 353 of ipc on the basis of compromise

Dear Sir,
One of my known person push the police person when he is coming in between in his family dispute matter and file the case against him u/s 353 IPC, Then the accused is arrested and he get bail from court, Now police man is ready to compromise , but he(police man) has a question that if he compromise willingly, is his Govt. job come in danger or hi can do so, And if police man ready to compromise can we quash FIR u/s 482 Cr.P.C

Member (Account Deleted)   17 August 2021 at 10:58

Domestic violence and 498a

I belong to middle class family and got married on mar 2021 and working women too. My inlaws seemed sweet in the beginning and as soon as I got married and went to there house I have got to know there true colours y they hv married to me to his son is only because of my salary. They harassed me giving silent treatment and stingy as hell even stopped giving food and demanded to go for joint account to purchase 3bhk flat u somehow managed to go to my parents house since I felt they would even kill me and silently I went with my dad and texted my husband why did he even married if they have to behave in a such a way that is making me to commit something serious and now keeping that messages his father is asking his to go for judicial separation and the guy even stopped talking we lodged FIR and even DV case but no progress yet they are neither ready to take or responding. Is there any other way to deal with such sick minded people. Few are telling I dont even get maintenance since I am working then what law is applicable if they desert wife this way.

SRI DATTA   17 August 2021 at 10:37

Jointly holding share holders claims query

Hello Sir, Myself Datta,

My father(B) has to 2 brother(A, C), who jointly held 1000 share in a Company (lets say M/s S pvt ltd), after the death of both the brothers(A, C) My father B has claimed the Share in the Company S, later my father also expired, before his death he has been issues bonus shares of another 500 with exclusively in his name in the share certificate. where as old shares certificate(for 1000) has been issued jointly in A,B,C names.

Now the Company S tells me to apply for succession certificate, so to claim the shares, how many shares am i entitled to , if in case i have a probate of will how may will i get

Thanks in advance