A business in India is being run by 3 overseas partners. 1 partner wants to quit. They have agreed to sign an agreement stating that 1 partner is willing to come to India after 6 months and transfer his share of business by way of registered deed. This agreement is being signed on a Indian legal stamp paper. all the 3 partners are currently abroad and willing to sign on this stamp paper. based on this, the other 2 partners are willing to pay him some amount of money as advance. If he refuses after 6 months to register his share of business, can a partnership deed made on Indian stamp paper and signed by 3 partners outside India be legally valid and stand legal scrutiny in a court of indian law. what is the advice to do this transfer in a foolproof way.
