How to transfer the property from firm name to individual name
M/s ABC and Co
(Querist) 12 November 2011
This query is : Resolved
Immovable property registered in firm name, dissolution deed is done after death of one partner. We need to tranfer to my name as well my brothers name, what document we should prepare.
Also one partner has given his release deed from the property.
ajay sethi
(Expert) 12 November 2011
what is mentioned in deed of dissolution about property standing in firm name ?
M/s ABC and Co
(Querist) 12 November 2011
In the dissolution deed it is mentioned that the assets and liabilities remaining have been time over by the hereto continuing parties who shall run the partnership firm, the remaining partner is me and the dissolution was done since my mother died.
Since the partnership is dissolved do we have to register again in the sub registrar in my name and my brothers name.Whether any stamp duty has to be paid.
prabhakar singh
(Expert) 12 November 2011
When the property was bought, the name of partners was written in the purchase deed or not.
M/s ABC and Co
(Querist) 12 November 2011
Yes the partners name was written as well Firm name. How to go about what all documents are required kindly adviswe
Nadeem Qureshi
(Expert) 12 November 2011
hire a lawyer you are capable to pay the fee
prabhakar singh
(Expert) 12 November 2011
Unless you want partition of property nothing you need to do.
The property is already in partners name out of them one died and one has executed release deed.
Is dissolution of partner ship registered any where?such as before registrar of firms?
Are you and your brother were not partners of the dissolved firm??
A V Vishal
(Expert) 12 November 2011
A simple sale deed is sufficient to transfer the property onto your name and your brother.
M/s ABC and Co
(Querist) 15 November 2011
Thankyou very much sir. How much will be the stamp duty to be paid if we get sale deed done.
