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anil kumar gupta (Proprietor)     10 November 2011

Status of partenership firm

 

Dear Experts ,

I , along with four friends, formed a unregistered partenship firm in 2003. PAid some advance money from firm for purchasing some land. This deal slipped in to trouble in June,2003. No transaction in firm thereafter. Accounts never prepared, no one I never contributed any money during last 8 years. Please advise followings;

1-What is my status in the firm.

2-What is the legal status of firm, it is dissolved or time barred.

Regards



Learning

 2 Replies

SURESH GODBOLE (ADVOCATE)     11 November 2011

Self contradictory statement

Paid some advance money from firm (Which Firm ) The unregistered Firm of Four of You

8 yrs ago

Further  you say

No one I never contributed any money


Where from the INITIAL MONEY ABOVE CAME  , WHO PAID IT , IS SOMEONE CLAIMING IT 

Pl clarify full details

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     11 November 2011

Dear Gupta

unregistered firm have not any legal entity. section 69(2) barred for filling civil suit through unregistered firm.


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