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Legal Question

Asked on: 6/19/13, 8:36 am

Lady giving her business share to her son but partner not will to sign on the agreement. What are the viable steps the son can take

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Answered on: 6/19/13, 8:46 am by KarVai Legal Solutions

Consult a lawyer and discuss the legal issues at length.


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Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in Email: karvailegal@yahoo.com Delhi District Courts, High Courts, Supreme Court Delhi, 110001

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Answered on: 6/20/13, 8:26 am by Fca Prashant Chavan

20.06.2013

Dear Sir / Madam,

Share of a partner in the business can be transferred to her son, if and only if all the other partners consent to it. If not, there is nothing the son can do and the lady will have to retire from the partnership and get paid for her share after the business valuation of the firm is done as on the date of her retirement from the partnership.

Regards,


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Expert Edge LLP prashant.pscl07@gmail.com "always A Step Ahead", Mumbai 52

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