We have a business which was run by family but for taxation purpose we had made this business into partnership, where Mother was partner with 60% share 20 /20 % were distributed to 2 brother.
Somewhere an year back as advice by our accountant because of the tax structure as we were paying higher tax in partnership we changed the business structure to proprietary. While doing this dissolution on partnership deed the signature of my Mother was done by one of the employee & my my signature (another brother) since I am not staying in India was done my another employee. The thought process was since this is a family run business we did not had any objection when this was done & my brother had taken our verbal consent as he informed us of this change.
But the twist come now, after changing it to Prosperity business the brother who was handling the business dies because of some accident & the business is then transferred to his wife as a legal hire. She started taking control on the business & bank account was fully under her control.
The question here is can we (Mom & Brother - Partners can they object to the partnership business which was dissolved because of forged signature. Can we say that we have an objection. This is because after brother's death his wife is calming the business & we do not want her to take charge of our Shop & business
Here I also have another question In propitiatory business does she have control of shop & business. What I believe is business is separate & ownership of shop which is my Mother's property both different.
Can you pls help in answering my 2 query 1 on the business can we object & restore it to partnership again & 2 Ownership of business & shop is it one or they are considered as separate thing.
Many Thnx
Tejas
