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ADVANCE PAYMENT Proprietor DIED
We took advance from a firm of huge amount now the proprietor has died.What should we do next?
Replies (5)
Quick Summary
You have to repay the amount to the legal heirs of the deceased person
If no one is there to claim
you have to return the amount (with the interest, if applicable) to the official assignee/authorized person
Yes, pay to his authorised heir
You have to legal heir or authorized person
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