Ramesh Jagatapu 14 September 2020
kavksatyanarayana (subregistrar/supdt.(retired)) 14 September 2020
Your query lacks clarity. To my understanding, there are two partners and subsequently, 3 partners added. Then have they executed the reconstitution of the partnership deed though it is unregistered. What are the terms and conditions of the PD. However when 4 partners died, then it is deemed to be dissolved. What about the assets/liabilities of the business?
Dr J C Vashista (Advocate) 15 September 2020
Single surviving partner concern/firm can not be termed as "Partnership"
G.L.N. Prasad (Retired employee.) 15 September 2020
Even when the partnership is dissolved, the accounts should be settled and those payments due to deceased partners must be settled to their legal heirs.
Ramesh Jagatapu 15 September 2020
Adv Vinay Mathur + 8447131770 (Advocate) 16 September 2020
kavksatyanarayana (subregistrar/supdt.(retired)) 18 September 2020
You stated that the site is registered in the name of 1 and 2 partners. Does it mean did not register in the name of the partnership Firm? You stated that 4 & 5th partners are died? then what about their shares? What about 1st and 2nd partners? Even now your query is not clear. you may call me over the phone if any doubts.
G.L.N. Prasad (Retired employee.) 18 September 2020
How the asset was treated in the accounts of the firm is the deciding factor. Query lacks clarity as it is not disclosed as to whether the property was treated as stocks of the firm or part and parcel of business. (like real estate development)
Ramesh Jagatapu 23 September 2020