transfer of rights

DC OSTWAL (Querist) 29 November 2010 This query is : Resolved
Ag.land of partnership firm was purchased by a pvt ltd co.. One of the partner of the firm was not interested to sale the firm'land. so when firm sold his property he signed on sale deed as a partner and he became a purchaser of 10% and the company of 90%of the property in one sale deed. Now the purchaser of 10% wants to join the company. What types of documents/deeds/agreements to be signed in favour of the co. so that the company can sell the property without active involvment of the 10% owner.

Follow Query

Report Abuse

R.Ramachandran (Expert) 29 November 2010
He has to execute a registered sale deed or registered gift deed in favour of the Company. Then only the company would become 100% owner of the property and it can sell of its own without any one's interference, consent etc.

Khaleel Ahmed Mohammed (Expert) 30 November 2010
10% partner can execute GPA in favor of the company in this regard.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries