Partnership firm registration
This query is : Resolved
07 May 2009
My query is - Can a residential address of the one of the partner be registered as registered office address? Note - partner do not own the propery. Its owned by his parents.
Help appreciated.
Thanks
Help appreciated.
Thanks
07 May 2009
Yes. He can do so. But since the property is in the name of the one of the partner's father. The partner should enter into an agreement with the father and in that it should be mentioned the place will be utilised for the purpose of the business.
07 May 2009
Thanks
The problem is the property (residential flat) is in the name of his grandfather and both his dad and grandfather are no more. The flat still stands in the name of his grandfather. Also no will has been executed yet.
So since there's is no receipient of the rent, how rent will be accounted?.
Also what clause should i insert in the deed?
The problem is the property (residential flat) is in the name of his grandfather and both his dad and grandfather are no more. The flat still stands in the name of his grandfather. Also no will has been executed yet.
So since there's is no receipient of the rent, how rent will be accounted?.
Also what clause should i insert in the deed?
07 May 2009
Thanks
The problem is the property (residential flat) is in the name of his grandfather and both his dad and grandfather are no more. The flat still stands in the name of his grandfather. Also no will has been executed yet.
So since there's is no receipient of the rent, how rent will be accounted?.
Also what clause should i insert in the deed?
The problem is the property (residential flat) is in the name of his grandfather and both his dad and grandfather are no more. The flat still stands in the name of his grandfather. Also no will has been executed yet.
So since there's is no receipient of the rent, how rent will be accounted?.
Also what clause should i insert in the deed?
07 May 2009
I think no such agreement is required because son is the legal heir of his father.
07 May 2009
But MR.Suresh please note that eventhough son is the legal heir the father can give his own earned property to anyone as he like. Like his wife, daugher it is not compulsory that he has to give to his son.
Therefore agreement is compulsory.
Therefore agreement is compulsory.
07 May 2009
If father and grandfather or no more then check whether the father or grandfather has left any will. AS per will he has get rental agreement from owner. If no will is there then all the legal heris will be owners and the rental agreement has to be singed by all the legal heirs. If there are no other persons other than one whom you are referring to then he has to apply for trnasfer of property to his name and then that doucments he has to submit for registration purpose.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Gstr7 vs Gstr3b 2026
- Gst return - cess
- Subscription paid to foreign customer
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
