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swamitr parmanand   10 July 2015

Status of property owned by fim

THEIR WERE 4 PARTNERS IN A PARTNERSHIP FIRM 2 OF WHICH RETIRED BOTH OF THEM CLAIM SHARE IN PROPERTY OWNED BY FIRM & WANTED HALF OF THE FFIRMS PROPERTY  BUT PARTNERSHIP IS IN EXISTENCE TILL DATE & REMAINNING TWO PARTNERS ADMITED ONE MORE PARTNER IN FIRM & THE FIRM IS WORKING TILL DATE... & BUISNEE IS CONTINUED.

SIR IT IS TO BE NOTED THAT THE CONSTITUTION OPF PARTNERSHIP FRM HAVE BEEN CHANGED SEVERAL TIMES EVEN BEFORE THE ADMISSION OF RETIRED PATNERS 

SIR MY QUESTION IS WILL THE BOTH RETIRED PARTNERS GET SHARE IN FIRMS PROPERTY. BECAUE PARTNERSHIP FIRM IS WORKING TILL DATE... EAGERLY WATING FOR YOR PRECIOUS EXPERT ADVICE....... 



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