Partnership property in haryana
Manav S
(Querist) 05 February 2026
This query is : Resolved
Hello, dear lawyers,
In 1988, A registered partnership firm in Haryana was made with the name M/S Gupta Traders, which was registered in the Registrar of Firms with 4 partners:
Partner A: Arihant Gupta
Partner B: Basant Gupta
Partner C: Manav Gupta
Partner D: Ajay Chaudhary
In 1992, an HUDA / HSVP Plot (Haryana Urban Development Authority) was brought in the name of this partnership firm M/S Gupta trader, by executing a conveyance deed and obtaining proper permission from the HUDA and the plot was alloted in the name of M/S Gupta Traders through its partners. All the partners did business for 4 years.
In 1996: A notarised Dissolution deed was signed between all the partners, where it was stated that, " Partner A, Partner C, Partner D retired from the partnership firm, and all the assets and liabilities are vested in Basant Gupta; he can do the business singly or by adding new partners." THIS DEED WAS JUST NOTARISED, NOT REGISTERED, NO OTHER CONVEYANCE DEED OR TRANSFER DOCUMENT EXECUTED EXCEPT THIS NOTARISED DISSOLUTION DEED.
My Question is:
As per Indian laws, who is the owner today, the Partnership firm with 4 partners or Mr Basant Gupta (sole partner after a notarised dissolution deed).
In 1996, if a HUDA plot is in the name of the partnership firm, the remaining partners can transfer thier share and title through a notarised dissolution deed, or to transfer the property internally within the partnership firm, again registered transfer deed was required?
This is my question. Thank you.
kavksatyanarayana
(Expert) 05 February 2026
Partnership deed registration is optional. The partnership deed, or any further deeds on the original partnership deed, also does not require registration. The deed, with proper stamp duty and signed by all the partners with two attestors, is valid even though not registered. However, the terms and clauses/conditions of the dissolution deed with the original deed shall be verified to form an opinion. Consult a local CA or an experienced advocate in the field.
Manav S
(Querist) 06 February 2026
Thank you for your reply, Mr Kavksatyanarayna. I have already met a few lawyers. Half of them say, If a HUDA plot is in the name of a partnership firm, As 3 out of 4 partners retires, firm dissolves, then internal transfer between those partners can be done by notarised dissolution deed only, Half of them says, If HUDA plot is in the name of a partnership firm, to transfer a plot in the name of one partner, again registration needs to be done, a registered document is needed.
kavksatyanarayana
(Expert) 06 February 2026
That is why I already said that the terms and clauses/conditions need to be verified to form an opinion. Consult your lawyer.
Dr. J C Vashista
(Expert) 08 February 2026
Show the conveyance deed, partnership deed as well as dissolution deed to a local prudent lawyer for proper appreciation of facts (which cannot be presumed on the basis of limited facts posted by you), professional advise and necessary proceeding.
P. Venu
(Expert) 16 February 2026
There could be no definite opinion unless the documents are seen and issues discussed.
T. Kalaiselvan, Advocate
(Expert) 20 February 2026
Under the Transfer of Property Act, 1882 any document that creates or transfers rights in immovable property worth more than ₹100
must be compulsorily registered.
If the deed transfers ownership of immovable property from retiring partners to one partner
Then it amounts to a transfer of interest in immovable property, and registration is compulsory, mere notarisation is not enough.
The retiring partners cannot transfer their shares because a notarised dissolution deed may prove internal arrangement only and may prove retirement of partners. But it does not operate as a registered transfer of immovable property.
Therefore the title still remains in the name of a partnership firm unless a registered transfer is done.
If the property is immovable and rights are being exclusively transferred, then a Registered Release Deed / Relinquishment Deed is required, appropriate Stamp duty is payable and the Registration is mandatory. Also the HSVP approval is required. A notarised document alone does not perfect title.
