Validity of business resolution from a partnership firm
Koushik Krishna
(Querist) 17 February 2021
This query is : Resolved
A property sale has been made to ABC from XYZ. ABC is partnership firm. Based on a business resolution DDD did the purchase on behalf of ABC. Now AAA did the sale of this property on behalf of ABC to PQR. Can ABC now raise an issue about the validity of sale since the sale deed doesn't mention power of attorney but just authoritative representative along with business resolution copy ?
kavksatyanarayana
(Expert) 17 February 2021
Your query is not clear. are the XYZ/AAA/ABC etc. firms or individuals?
Koushik Krishna
(Querist) 18 February 2021
My bad. Updated the query. ABC is a partnership firm. DDD,AAA are individuals(authorized persons by the firm).
Koushik Krishna
(Querist) 18 February 2021
Could someone help here?
Guest
(Expert) 18 February 2021
Better Show all the documents to an Local Advocate and confirm. Your descriptions in the Query is not clear.
Guest
(Expert) 18 February 2021
Sale deed would have the details of Seller and Buyer and if the Registrar is Legally convinced with the Transaction and if there are No Legal Objections from Seller or Buyer there could be No Issues.
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