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smit (Advocate)     03 November 2010

property in the name of partnership firm

can partnership firm hold agriculture land in the name of firm ?????



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 2 Replies

M. A. Khan (advocate)     03 November 2010

It depends upon which state the partnership firm registered, as every state has got their own laws for agricultural land, with certain veriations.

RAJESH SHARMA (PROPRIETOR)     23 November 2010

dear sir , two co-owners purchased a agricultural land in Jalgaon distrcit of maharashtra and thereafter transferred the property to the partnership Firm in which they became equal profit sharing partners . Their respective share in land was intorduced as their capital in the new Firm and no conveyance deed was registered or prepared . please guide how the Firm can still be the owner without conveyance deed under transfer of property act . The TPA states that every immovable property exceeding Rs 100 should be transferred compulsarily by registered deed . please suggest some case laws decided by High Court and if possible by supreme court . we want case laws mentioning that to be the owner of the property , conveyance deed is not necessary under TPA , please guide urgently regards Rajesh R Sharma Jalgaon [ Maharashtra ] 9373739955

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