Legal heirship
P.Frederick
(Querist) 14 September 2013
This query is : Resolved
An Unregistered Patnership Firm has a property in the name of the Firm.
There are 5 Partners to the firm - all brothers and sisters.( Hindus )
One sister dies. The sister has no issues/children
1. Does the property devolve on the dead sisters husband if alive ?
2. Does it further devolve on the husbands
relatives if the huband is also dead ?
Isaac Gabriel
(Expert) 14 September 2013
Hypothetical.State the facts to find out solution.
Rajendra K Goyal
(Expert) 15 September 2013
Whether sister was also a partner in the firm? If so, the firm would be dissolved on the demise of one partner and can be reconstituted. The share of deceased partner would go to his/her legal heirs.
P.Frederick
(Querist) 16 September 2013
Sir --You have not answered my point.
The deceased sister was also a partner.
The point is that
1. Being an unregistered firm what is the
implication ?
DO the legal heirs inderit a share of the property or do they get only the share of the
networth of the Firm ?
P.Frederick
