Siva (Consultant) 26 March 2020
Hemant Agarwal (firstname.lastname@example.org Mumbai : 9820174108) 26 March 2020
1. Property belonging to a Firm's name CANNOT be transferred by partner to his Wife, since this would constitute a prosecutable offence.
2. Partner can transfer his Partnership Share to his Wife, via a registered Gift Deed.
Keep Smiling .... Hemant Agarwal
kavksatyanarayana (subregistrar/supdt.(retired)) 26 March 2020
The firm's property cannot be transferred to any person. Therefore it is better, that the present partners may induct her as an incoming partner with some share by reducing the share of her husband. otherwise, her husband may retire from the business by joining her in his place by executing a Reconstitution of Partnership deed.
Siva (Consultant) 27 March 2020