Partnership firm


(Querist)
07 November 2019
We have partnership firm and partnership property all the 97.5% partner's are ready to draft new deed but one of the partner not coming to firm and receiving phone so what is the way that we expell him from partnership firm and property

Read more at: https://www.caclubindia.com/profile.asp?member_id=164430


CA R SEETHARAMAN (Expert)


Click to Talk 07 November 2019
The partner to be expelled must be served with a notice.
...
Expulsion of a partner
The power of expulsion must be available to the partners by an express contract between them.
The power to expel should be exercised by majority of the partners prescribed in the contract.
It should be exercised in absolute good faith.


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


Click here to login now



Similar Resolved Queries :






×
close
CA Learning
Online GST Class    |    x