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Shyamal Mukherjee (Manager Finance)     27 July 2012

Legal status of lease with proprietor ship concern

A agreement of Lease done by Kolkata Port with a proprietorship concern for renting a plot. Now the proprietor is dead. As this is a commercial area, a factory is running on the plot in the name of the proprietorship concern.

The man has one son who is now want to take charge of the factory. Now the question is 1) How he will be the proprietor of the concern. 2) What is the legal status of the lease with kolkata port ? Is they can cancel the agreement and return back  the land?

Thanks & regards   



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