A plot of land is owned by my father. My father expired before one month. Mother is alive. We are two brothers only and no sister. Before about 15 years, my father had sworn an Affidavit allowing my elder brother to construct a residential house on the said plot of land (While taking a Bank loan for constructing the house). And my elder brother constructed the house in which we are residing now. Bank loan has also been squared up. Does the said "Affidavit" by my father create any ownership right to my elder brother ?

Respected Members,

A partnership firm has two partners which owns some landed property. One of the two partners passed away.

Question :
1. Who becomes the owner of the landed property?

2. Does it become joint property of 1st deceased partner's family & 2nd partner and accordingly will these names be mutated in land records?

3. Does it become sole properietorship of 2nd partner i.e he becomes the sole owner of the property?

Contradictory views :

1. Local experts have given contradictory views.

2. I read the view of the Supreme court in a judgement of 2016? that the partnership automatically dissolves even if there is clause to the contrary (In this partnership also there was a clause that the partnership shall not dissolve on death of a partner).

I would be very thankful for your valued reply.

Hi all,

Can anyone please suggest if the study material for LAW and Audit (CA final - Old course) is sufficient? or should I study any additional author for these two subjects?

Regards,
Komal

Hi Sir,

What is the Minimum Stamp Paper Value of
Bihar
Maharashtra
Jharkhand
Kerala
Uttar Pradesh
Tamil Nadu
West Bengal

Please help. Thank you.

Hi All.
What is Turnover Definition under MSME Act.?

Dear sir,
I need clarification on below points regarding notification from MSME regarding eligibility criteria based on turnover of the company.
1.How turnover of the company is calculated. is it based on previous year for running company.
2. if turnover of the company is less than 250 cr in previous financial year. whether company is termed as Medium enterpises ?
3. if company made 300 cr turnover in one of previous year. whether it will be termed as medium enterprises.
Kindly provide relevant rules regarding the same.

Dear legal experts from CACLUB community

Facts:

A. We have joint family property with 1979 govt approved layout. The layout haS 2 areas earmarked as park areas and one area earmarked as open area. On the layout plan these areas are specifically marked as parks and open area respectively.

B.The purpose of the open area was to facilitate parking, loading and unloading required for the shopping complex ( also belonging to our joint family ) right next to it. This was the specific purpose for which the area was left open.

C. Recently half of the said shopping complex got half demolished due to road widening and the half demolished complex has been lying vacant awaiting repairs, The whole exercise got delayed due to corona lock down. The open space after so many decades for the first time has been lying quiet without being used.

Now suddenly out of the blue to our shocking surprise the Greater Hyderabad Municipal Corporation ( GHMC ) issued a tender to construct a compound wall around the said open space claiming that since it is a open area inside an approved layout it belongs to GHMC.

We have 4 decades of pahani copies showing ownership, a registered partition deed dated 2014 clearly stating the shares of the shopping complex and clearly mentioning that the said open area is jointly owned land which has been set aside for future development. We also have property tax receipts of the last 30 to 40 years, electricity receipts, notices given by GHMC for acquiring half of the shopping for demolition and the compensation cheques.

Note: No notice has been served by GHMC prior to issuing the said tender.

Keeping the above facts in mind please help with your respected expert opinions on the below queries:

1. What is he actual legal position on open areas in a govt approved layout ?

2. Based on the above facts mentioned does the govt any case against us and is there any justice in trying acquire our long held land ?

3. How should we build our case when going for a stay in honourable high court ? What should be our main ground for seeking stay ?

4. Are there any relevant case laws from supreme court or high court which can come to our rescue ?

Thank you and regards.

Dear Sir
One of my client want to formation an employees union for all rajasthan Private school teachers for protection of rights.
What is the procedure and other related information ?
Please Suggest.
thanks
ramdev jyani

Dear sir/Madam,
I Have one doubt regarding ESI applicability.
In our organisation Some of employees Gross wages is Exact Rs 21000/-.whether we have to deduct ESI @0.75% or not.

ESI is applicable upto 20999 or 21000..?


Thanks in advance.
Regards,
Bheema Reddy.

Dear sir/ma'm,
I want to know that whether it is Legal for indian resident to invest in foreign exchange on stock exchange of foreign country..
Also is binary option trading in India is allowed in India?