RAIHAN UL HAQUE (PROPRIETOR) 01 August 2017
G.L.N. Prasad (Retired employee.) 02 August 2017
If the vehicle is in the name of the firm in books, if the sale letter is signed by all the partners, then what is the need for citations ? The only condition is that it should be a prudent transaction, in the interest of the firm, with consent of all the partners. The duties and responsibilities depend on the deed entered and signed by all partners, and the deed should specifically say about such dealings, opening and operation of bank accounts, disposal of assets, etc. If it is in accordance with the expressed powers conferred on the partner, it is a valid transaction.
Advocate Bhartesh goyal (advocate) 02 August 2017
RAIHAN UL HAQUE (PROPRIETOR) 02 August 2017
Sir then power of atorney will be registered or notary? Pl inform
G.L.N. Prasad (Retired employee.) 02 August 2017
If the partnership deed was registered, and if an individual or joint can operate or empowered to operate financial transactions, that powers stated in deed or sufficient.
RAIHAN UL HAQUE (PROPRIETOR) 02 August 2017
Sir thank you all of you for your support. Again I request you to submit a legal document in favour of the comment that one of the partner of a Regd firm can sell out a a moveable property of the firm with the help of a unregistered power of attorney,which I can produce to the RTO .