LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

P M Somani (proprietor)     16 August 2015

Rights of a partner in a partnership firm

There is a partnership firm, having six partners. The firm is engaged in business of purchase and sale of commodities. The firm want to sell one of his properties. Can anyone of the partners, sell the property, on behalf of the firm? Is a single partner has right to sell the property, on behalf of the firm?


Reply   Follow

Learning

 1 Replies

ROHIT SHARMA

ROHIT SHARMA (Legal Advisor )     16 August 2015

1. A resolution can be adopted by calling a meeting of the partners and one such partner can be delegated with power to sell such identified property of the partnership firm. Otherwise no individual partner can exercise such powers on his own.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Follow us


Popular Discussion


  1. Dies Non due to Unauthorised absence
  2. Substitution of lrs if untraceable
  3. Rules relating to language of invoice
  4. Manager (karta) of huf
  5. How o cancel the subdived patta provided
  6. Divorce case
  7. Irrevocable will - reg.
  8. For exhibits, should i file certified co
  9. Gist property issue
  10. extension of window grill in a cooperati

view more »



Browse by Category




Stay updated with latest Posts!