partnership property dispute
vijay
(Querist) 26 October 2010
This query is : Resolved
i have partnership business having 37.5%share. we are having two plots in the name of the firm. can i have my share without selling that property at the same place. please recomend me the civil lawyer for this case in mumbai.
aman kumar
(Expert) 26 October 2010
ONLY WITH THE CONSENT OF PARTNERS
A V Vishal
(Expert) 26 October 2010
It is unclear if you are retiring from the partnership, if yes then the assets and liabilities need to be revalued on the date of the retirement and distributed amongst partners after paying the necessary tax, however, how the outgoing partner shall be paid viz. in cash or by way of share in the plots is the mutual understanding of the partners.
bhagwat patil
(Expert) 27 October 2010
consent of other partner is mandatery.
