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Rajan   21 October 2022

Sale of immovable property by partners

I want to know that if a property is registered with name of partnership firm and all partners after signing the dissolution deed ,can sale the property? If yes ,after selling the property how the name of purchaser can register their names in revenue records if the firm have not registered any bylog (rules) with registrar.



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 3 Replies

Dr J C Vashista (Advocate)     22 October 2022

Unregistered partnership is not a separate legal entity, hence all partners are required to execute and sign sale deed individually.wherein vendors would be the individual but not partnership.

Rajan   22 October 2022

But the property is registered by the name of firm only and if partners sell the property,how would the ownership transfer in revenue records?

P. Venu (Advocate)     24 October 2022

The query is too hypothetical. What are the facts as well the context?


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