partnership deed & dissolution deed
Querist :
Anonymous
(Querist) 02 October 2010
This query is : Resolved
we have a 35 years old which is alloted by dda on the name of my firm and my grandfather as a propriter of the firm.after ten years of allotment my grandfather made a will to transfer plot to my father and my uncle duly signed the will and made a lease deed on the name of firm and my father as a propriter . Now my uncle made a partnership with my father in 2007 ,and we came to know from our relatives that my uncle has a bad thinking for my father .so in 2009 my father dissolve the partnership with my uncle and dissolutiom deed is duly signed by my uncle .Now my uncle said that as he is partner in the firm ,he has right in the plot and also said that dissolution deed is not registered so it is worthless .so you are requested to tell us whether my uncle has any right on plot or not and also there is no money transaction pending between my uncle and my father.
s.subramanian
(Expert) 02 October 2010
Once the plot is brought into the partnership firm as its property,your uncle has half share in it as a partner of the firm. What are the terms of the dissolution deed ? On that basis only the opinion can be given. Registration of the dissolution deed is merely optional and not mandatory.
adv. rajeev ( rajoo )
(Expert) 02 October 2010
