Dear Sir,
We have a partnership firm in which there is no activity for the past 10 years, it is a immovable property in a industrial area which we have given on rent. There are three partners totally. :
1. Myself
2. Mother
3. Another person
My mother died last september, and the partnership deed has not been changed. Now the third person wants to come out of the partnership firm and is ready to sign the release deed from the firm as well the property. We have already paid to him. He wants to transfer all the rights in his name to me.
What is the procedure. Kindly advise. In the sale deed his share is 60% and mine and my mothers share is 20% each. We are two children for my mother. Myself and my brother. How do we transfer the property to both our names equally.
Please clear my doubts and help me.
