Retirement and reconstitution of partner
Querist :
Anonymous
(Querist) 05 March 2011
This query is : Open
We have a property in the name of the firm and we have given it for rent for commercial purpose.The firm is a partnership firm and has 3 partners one of the partner my mother has expired. and one more partner my uncle wants to retire.I am the only one left in the partnership. whether i have to just retire the partner by executing the retirement in the partnership deed and produce the deed to the registrar of firms. Also property was purchased from KSSIDC and sale deed is executed in firms name.How to change from firms name to my Name. Kindly advise. Also i want to dissolve the firm.
