Huf partnership firm
hrishikesh
(Querist) 11 February 2014
This query is : Resolved
A partnership was registered among 3 brothers X,Y and Zin 1989 .the firm was purchased from the joint family funds .X being holder of 50% , Y being 25% holder and Z being holder of 25% in only profit sharing ratio. While the same partnership was amended in the year 1997 ,only with the change in the profit sharing ratio of 33.33% each. but this deed was not registered with the registrar. Now the matter is in dispute , as X is claiming 50 % in the share. What are the chances for Y and Z if they move to court.can anyone help with any such judgments which I can refer with the resemblance in the above case
T. Kalaiselvan, Advocate
(Expert) 12 February 2014
Unregistered documents are not valid in the eyes of law especially in the given circumstances. However, based on the circumstantial evidences, this document can be produced before the court as a supporting evidence but its admissibility depends upon the presentation as well as the discretion of the presiding officer of the court. For citations/settled laws, you may browse form such sites namely Indiakanoon.org or some other relevant website.
