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Q. business advise

sir we are three partners in a company and one of our partner is died . at present company have a loss of approx 90,00,000. wife of died partner wants to join company but she want security for not paying these loss . how she can enter in deed ?
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Showing 6 of 6 Responses

A. Dearclient, it is will of the partner, there is no suchalternative available in law. However,For details, contact some advocate through vidhikarya.com

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Rajender Prasad

Experience: 5 Year(s)

Responded 8 months ago

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A. Whether your company is pvt ltd? Or you have Partnership firm ? Kindly contact with best corporate lawyer for resolution

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Deepak Bade

Experience: 9 Year(s)

Responded 10 months ago

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A. Parnership will be disloved on death of a parner. secondly is it a private company or partnership firm.Loss has be shared by the remaining parner as per the deed of partnership,better to consult a Corporate Professional Lawyer through the panel of Vidhikarya for guidance & help on all aspects of the issue quickly.

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Ambrose Leo

Experience: 9 Year(s)

Responded 10 months ago

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A. Engage a corporate lawyer for drafting. I am little confused from your writing - partner and company???? how's that possible.

Partners are either in LLP or partnership firm
Directors are in company (pvt or public)

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ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 10 months ago

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A. You can enter the said fact in the deed through which you wish to bring her into the firm. But that is not a complete shield as a third person having dues payable by your firm can institute a suit even against her but she can take the defence that others are liable and not she.

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T B L Murthy

Experience: 5 Year(s)

Responded 10 months ago

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Anonymous

Replied 10 months ago

actually she want to secure her claim money .so what clause we can add in deed ?

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A. This is a task you better not try to draft by yourself , just ask her to get it done by her advocate.

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Prabhakara S K Shetty

Experience: 19 Year(s)

Responded 10 months ago

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Categories
Administrative Law (470)
Adoption (125)
Advertising (59)
Animal Laws (40)
Arbitration and Medi... (50)
Aviation (16)
Banking (593)
Bankruptcy and Debt (201)
Cheque Bounce (424)
Child Custody (166)
Civil (2161)
Commercial (93)
Consumer Protection (583)
Contracts and Agreem... (490)
Corporate and Incorp... (114)
Criminal (1692)
Customs, Excise (42)
Cyber, Internet, Inf... (354)
Debt and Lending Agr... (79)
Debt Collection (178)
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Divorce and Separati... (1602)
Documentation (316)
Domestic Violence (645)
Election Campaign an... (23)
Employment and Labou... (1172)
Environment and Natu... (31)
Equipment Finance an... (3)
Family (2060)
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IT Contracts (54)
Juvenile (17)
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Licensing (21)
Mail Fraud (18)
Maternity (61)
Media, Communication... (16)
Mergers and Acquisit... (20)
Military Laws (17)
Motor Accident (145)
Muslim Laws (60)
Outsourcing Agreemen... (5)
Partnership (64)
Police Laws (64)
Power of Attorney (75)
Privacy (97)
Property (3038)
Real Estate (433)
Registration (139)
RTI (111)
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Sale of Goods (20)
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