Partnership property

The land continues to be in individual names and recitals in absence of any registered agreements to the contrary.

The following were deeds/agreements registered:

1. The Partnership Deed itself which states: "And Whereas the family business capital was partitioned through the books of accounts on... And Whereas, after partition of the Hindu Undivided Capital in the business, with a view to ensure better management of the business and to avoid future disputes and differences among themselves, the parties hereto have mutually agreed to continue the business in partnership"

2. A family Deed of agreement which states the same but also adds in further narration that "the business was converted into a partnership"

The land taxes/rates/khazana being paid in the name of the firm as well as mortgages/loans/ taken from banks against the security of the propoerty also taken in the name of the firm.