Change in constitution of partnership firm

This query is : Resolved

Sagar Dhanda (Querist)
Follow

30 April 2020 Hello Experts,

There is a plot which is in name of one partner in partnership firm.
As per conveyence deed plot is in name of " Ranjan Singh prop of M/s Amrita chemicals"

If a partnership formed with 4 partners with one partner is Ranjan singh with his 3 more friends.
This plot does not put by Ranjan Singh in stock in partnership firm.

All partners of partnership firm transfered all rights to Ranjan Singh and signed a dissolution deed.

Now one partner is left in M/s Amrita chemicals.

My Question is--

1) The owner of this plot is Ranjan singh or Partnership firm ,/s Amrita chemicals.

2) If any one wants to buy this plot from Ranjan Singh, Then plot will be transfered by REGISTERED SALE DEED or the buyer has to do partnership with Ranjan singh and Ranjan Singh will retire by notarised retirement deed.

3) STAMP DUTY HAS TO BE PAID BY NEW BUYER FOR THIS PLOT?????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

30 April 2020 1 The owner of this plot is Ranjan singh.
2 Then plot will be transfered by REGISTERED SALE DEED.
3 yes stamp duty has to be paid by new buyer.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok