Hello,
I purchased a flat which was registered under a proprietorship company and a partnership firm. This was a resale flat, the owner purchased it from builder on name of both the company and a single person signed the document. This person was proprietor in company A and one of 4 partners in company B. I purchased this flat from in resale from this owner and had a agreement with both the compnay duly signed by the same person. No other partners were involved in both the agreement. He asked to make the payment on his personal name and bank has also agreed to it. I asked him for the Power of Attorney for the partnership firm but he denied.
Will this be treated as legal registration? Does a sale of property in partnership firm needs power of Attorney? Can a single partner buy and sell the property if partnership deed does not include any such obiligations?
Kindly reply I am really confused.
