hello everyone,

i made partnership deed of our client on normal a4 size white paper. after i did franking of Rs.500/-.

is partnership deed valid ?

Is there any case related with the elimination of liability of a working partner with a supplement deed?

can any one tell me that in form no 5 ie. in 9 point we need to give break up of capital. so can one tell me that what about the issued, subscibed, paid-up capital which one we need to put of revised or which is existing the revised is 50lakhs and existing is 20lakhs

Dear all,

Please guide me regarding the disclosure requirement under regulation 30(1) & (2) of SEBI(SAST) Regulations, 2011.

Whether the disclosure is required to be made collectively by all Promoters+PAC's and signed by one Promoter on behalf of all OR Separate Disclosures are required to be submitted by each Promoter?

The disclosure is required to be made within 7 working days from the end of the FY and if the separate disclosures are required to be prepared then it would be a little tough task due to practical difficulties like to get the disclosures signed by each promoter within so much less time.

What is last date for filing balance sheets of listed entities with Sebi or rather within what time limit , a listed entity is supposed to file its audited annual accounts for the year with sebi?

Can a gazetted officer of area "A" Give certificate of identity of a person from area B FOR pan card purpose

Please help me to draft a resolution for transfer of shares of a director in a pvt co.
Please help me urgently

What is the liability of resigned director in a pvt ltd company? Is he liable to the bank loan taken by the company for which he has signed as a director?
What are the documents required to make the director Liability free?

Thank you

Facts of the case :

There are two persons, Mr A and Mr. B.

Mr. A and Mr B has purchased land in joint names. They formed a partnership in 1996 and transferred the joint owned land in the name of the firm through book entries only and not through sale deed, as a capital contribution.

They constructed 4 storey apartment on that land within 1 and half year. Most of the expenditure on construction was paid by Mr. B through further contribution of capital by him.

The firm sold One apartment in 1998 to third party. The seller was firm and registration document made by firm and signed by both partners Mr A and Mr B.

The 3 apartment left are shown as stock in trade in the books of the firm.

In 2003, the firm discontinued operations and closed the Bank Account held in the name of the firm. There was minor balance in the name of the firm which was withdrawn through self cheque at the time of closure.

The IT Return filed by the firm during FY ending 31/03/2003, with the following entries in Books of Accounts.

The 3 Apartment left as stock in trade are trasnferred to Mr. B through book entries only.
The Adjustment entries are routed through partners capital account.
No dissolution deed was filed with Department.

In 2006 Mr. B sold one of the 3 apartments. The lawyer of the third party insisted that firm name should not be included in the registration documents and as the land was in the joint name, Mr. A and Mr. B should sign the registration documents as seller.

As of today 31/03/2012 the two apartments are left.


My querry is,

Who owns the legal title of the apartment? Firm or Mr. B alone or Mr A and Mr B both?
Can these two apartments be trasferred to Mr. A by filing dissolution deed at present since the dissolution deed was not filed with the IT Department earlier, and will he get the legal title over the two apartment in his individual capacity with dissolution deed?

I f Mr. B jointly owns the legal title, then can he gift his share in the apartment to Mr. A through Gift Deed?

Is the transfer of Stock in trade by firm is transfer of immovable property, since the firm was engaged in the business of construction.

Please reply urgently...

Who can be witness for company MOA/AOA. Is it necessary to have a proffesional witness.