Can a partnership firm take payments on savings account of its partners
Can a partnership firm take payments on savings account of its partners
4 persons have formed an unregistered partnership firm and got the PAN issued. But due to some unavoidable circumstances during covid, they could not open a current account for the first 9 months. Dur
1 year ago
A. Dear Sir,
No Rights are vested with unregistered partnership firm. The aggrieved party can't file any suit against such firm. The Partners inter-se also can't file suit against each other.
Startup with partner with proper documentation
I am a beautician. but I have no money so that I am startup a parlour with a partner who provided 100% used product as used on parlour propose . But I am only give money for continues running product
1 year ago
A. Dear client,
Your partner getting the amount of money totally depends on what terms and conditions were agreed on buy both of you at the beginning of the partnership.
Thank you.
change of ownership without informing the other partner - ansectral property
me and my brother are partners in our ancestral shop.now my brother has transferred his ownership to his wife without informing me. 1) can i take any legal action against this transfer 2) how can i ma
1 year ago
A. In my humble suggestion, you can bring a case against your brother in order to restore your property.
cheat in 50% partnership
mai or mere husband ka ek buisness h jisme mai bhi 50% partner hu on legal papers,lekin mere husband ne mujhe cheat kiya,or ghar chhod ker chle gye,or mujhe buisness se bhi bina information diye nikAa
1 year ago
A. In my humble suggestion, you can claim your share in the profits of the partnership firm by institution a case against your husband.
A person is threatening to put stay order on my business
Person threatening to put up a stay order on my business. He has no partnership in my business and no documents stating that any of his finances were used in my business . I also wanted to know about
1 year ago
A. Dear Sir,
If he is not a partner of your business he cannot bring any stay order from any Court. It seems unnecessarily he is threatening you. Better you file CAVEAT and the benefits are as follows:
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Caveat Petition in Civil (Yes) and Criminal Cases (No)
Section 148A of the civil procedure code 1908 allows for the filing of a caveat petition. The caveat is a Latin word that means ‘to make someone aware.’ Caveats ensure th ...ReadMore
Unequal distribution of business share among brothers
My father are 7 brothers and 1 sister. Out of which 1 is deceased. So they are 6 brothers (alive) and a sister . All have a common business ( 1 shop ) - this shop is ancestral property . My father is
1 year ago
A. Dear Sir,
Due to lack of time I am unable to read your lengthy narration followed by questions better go to local lawyer with required documents and clarify all your doubts once for all.
Company Related-company bursted
Actually in 2020 we 3 person started an organization where I have been asked to invested 10k during incorporation of the private limited company and got 10%equity and asked me to take care of marketin
1 year ago
A. Dear Client
What do you mean by company bursted?
Anyways as a shareholder you have your rights to raise the voice and concern in the company matters but certainly your voting rights are limited due to lesser shared being allotted to you.
partnership - property is owned by partners
if property is owned by partners but what if one wants to sale it & other one not agreeing with it?
2 years ago
A. Dear Client,
To sell the property co-owned by you, you’ll have to send a legal notice to the other partner asking to sell the property if that person doesn’t agree with you then you can take the case to the civil court.
Investment in startup company in India
I invested (through online bank transfers) in a registered tech startup company in India almost 2 years ago, and they still did not give me a shareholding certificate. They kept delaying until Dec 202
2 years ago
A. Dear Client,
It is advised not to share PAN number even though it is unlikely to be used for fraud it is wise not to share without full knowledge of how and what is needed.
Thank You
Vaidehi Samant
Business partnership - My father and uncle were working together
My father and uncle were working together from last 25 years. our business was of surgical healthcare both used to run the business together the business was registered under my uncle's name as proper
2 years ago
A. Dear Client
As per the facts which have been provided, you may file a suit in the Court regarding your concerns and demand for your share in the business.
Hope this clarifies your query and requirement.
Thank you.
