Legal Question in Business Law in India

My partner and I started a food product business at 2007 ,I am 80% and my partner 20% shareholder.We still didnt make good profit ,i am the person investing the money still.we have a dispute between us.Now me or he has to take the business.What we have to do


Asked on 10/08/10, 1:45 pm

3 Answers from Attorneys
Vishwa Arya Arya & Co.

the profit or losses have to shared 80:20. In case you are winding up the partnership business he cannot get more than 20%. the assets including the goodwill, if any, have to be valued. Your CA may do this for you.

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Answered on 10/08/10, 10:00 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Settle the dispute amicably. Avoid litigation.

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Answered on 10/09/10, 2:27 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

partnership is based upon mutual trust. if there is no trust, shut the shop.

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Answered on 10/09/10, 9:11 am


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