Registration of partnership property
Nitin Vaghani
(Querist) 22 July 2015
This query is : Resolved
Dear Sirs,
Myself and my brother are a partner in one partnership firm at Thane - Maharashtra and having one industrial shed at Thane in a registered society on a lease period of 999 years. Now I have decided to retire from the said partnership firm and my brother will continue the same firm by admitting his family member as a partner.
On retirement, I will get a 50% of of industrial shed. But society is asking for a registered document which should be duly stamped for the division of plot and to get my portion of shed to transfer in my individual name. I am ready to pay the stamp duty and also for the registration of document. But I don't know which document I have to prepare on which I can pay the stamp duty and get it registered. Is it only a retirement deed or something else?
Please reply.
Thanks.
ADV-JEEVAN PATIL, MUMBAI
(Expert) 23 July 2015
1) was partnersjip was initialu regd?
2) If yes Take advise of local lawye .
3)Q is once u retire, partnership firm will come ro an end.4) in opinion admit your brother n then retire
