Construction firm - transformed from partnership to private limited
Rupesh
(Querist) 13 January 2014
This query is : Resolved
Hi,
I was looking for a flat to buy. During that time my friend suggested a construction firm, which moved further and applied for loan and got approved also.
In the mean time i heard from someone that the Construction firm has been a 'Partner firm' of 3, when they purchased the land and now one of the partner moved by settling other two partner and registering the flats as Private limited.
As the document still has all 3 of there names as partner. I think the settlement is still not registered.
Will there be any issue in the near future for me, when i want to sell it.
Need an expert advice immediately as its the last moment to decide, because the registration is going to happen next week.
ajay sethi
(Expert) 13 January 2014
repeated query
Rajendra K Goyal
(Expert) 13 January 2014
Repeated query:
http://www.lawyersclubindia.com/experts/Construction-firm-partnership-to-private-limited-issues-for-buyer-447121.asp#.UtO99LSLq_I
