My mother in law is 95, and bed ridden, to sign associate membership form , to be given to her son in law, her hand has to be held for putting thumb impression, to support this, what other docs are required,
Please help
Mumbai
Hai sir,
Before My question, let me explain the situation. My friend has been in a partnership for 5% of 9cr project (loan).
Later before completion of project, there was a differences between him and the managing partner, as the managing partner is not properly spending the funds, when asked him, he said if you want to quit I am taking over your share and written an agreement on Rs 10 stamp paper and also given an affidavit that he is responsible for all the loss and you are not responsible for any financial or bank related issues.
Now the project is not yet completed and the funds are exhausted.
Here his property and the project can cover the lender amount.
He was not removed from the partnership deed as there was loan.
Now, if the lender goes for auction, does my friends property too will be auctioned? Will the affidavit given to him will be helpful to exit with out auction?
Does he should take any other documents from him?
Please provide your valuable suggestions sir.
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Gift settlement
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please advise