Legal Question in Business Law in India
In a Partnership of 3, can 1 partner sell his share to second without the consent of the third?
Asked on 3/28/14, 1:01 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.03.2014
Dear Sir / Madam,
No, a Partnership is based on mutual faith, trust and understanding amongst all the Partners. It would only be fair on the part of the partner intending to sell his / her share in the firm to inform all the remaining partners of his intention to resign and sell his share in the firm.
Regards,
Answered on 3/29/14, 3:42 am
dear client..
It can only be said ofter going through ur partnership deed ... if possible send me a copy of deed at [email protected] so that better advice can be made in regards...
regards
Kabita
Answered on 3/29/14, 4:59 am
Related Questions & Answers
-
Can i open another business of same belt where I can get benefit from another... Asked 3/27/14, 10:22 am in India Business Law
-
Dear sir I want to know that how to make a pvt. ltd. company. What all requirements... Asked 3/26/14, 7:37 am in India Business Law
-
Dear Sir/Madam I was work with a company now I have left it & working with... Asked 3/26/14, 1:27 am in India Business Law
-
Sir, as per your last answer that the sole proprietor X can appoint Y and Z as... Asked 3/25/14, 11:27 am in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
