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Description sir, need advice on partnership firm agreement, whether other partner is laible to pay loans or debt of other partner which he has taken in his personal name. plz advice

Posted 2 years ago


A. Dear Sir,
If it is personal loan of another partner then you have not liable to repay such loans.

Thanks.
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Anonymous

Respected Sir, I had invested Rs. 165000/- in an Bakery shop near my house which i used to be a customer for more than 5 years as requested by the owner. The owner promissed to pay Rs. 7000 every mont

Posted 2 years ago


A. Dear Sir,
You have to file suit in Civil Court.

Thanks.
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Anonymous

mere husband ka partner tha usne 5 sal pahle mere husband ko apni bato me leke mere sasur k retirement fund mese 15 lakh cash le liya hum law k mutabik apna paisa vapas pa sakte hai ?

Posted 2 years ago


A. Dear Sir,
Lodge police complaint and also put a civil case for recovery of amount.
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Anonymous

I funded a small business in 2014 under a partnership agreement with my neighbour. My wife was the partner in the newly formed firm ( for electrical goods viz fans, lights, geysers etc..)but it was an

Posted 2 years ago


A. Dear Sir,
If you have bounced cheques you may immediately file a cheque bounce case or file a civil suit for recovery of amount.
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Anonymous

I bought shares on stamp paper (beginning of a private limited firm) (2017). Now the firm is making good money but my share is not coming. What should I do?

Posted 2 years ago


A. Dear Sir,
You have to file a Civil Case seeking appropriate reliefs.
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Jugal Thakkar

Dear Sir/Madam, In case of Partnership Firm can we divide profit amongst partners in below given way, 1) Partner A will have Share on 35% of the Profit. 2) Partner B will have Share on 35% of the Pro

Posted 2 years ago


A. Respected Sir,
What share you have decided in the Partnership Deed / Agreement.
But yes if it is mentioned in your agreement you can share according to that otherwise make modifications in your partnership deed.
and agree on given % for profit
For more details and to change your profit % Contact
Adv Poonam Sapate
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Nipun Kumar

Our firm partnership firm when partnership deed executive one partner introduction his capital as his balance sheet of year1987 in balance sheet in which his all asset and liability comes in partnersh

Posted 3 years ago


A. dear client kindly provide terms and causes of the partition deed because without seeing the same I am unable to give accurate legal advice.
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DEAR SIR, I WAS WORKED IN A COMPANY NAME M G IMPEX PRIVATE LIMITED FROM 2008 TO 2017. I HAD JOINED THERE AS ACCOUNTANT. MR SUNIL AGGARWAL IS THE OWNER OF THE COMPANY. IN 2012 HE CREATE A PARTNERSHIP F

Posted 3 years ago


A. Kindly share the partnership deed to get better solutions.
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Is it allowed legally in India to raise funding for a LLP through crowd funding. If not which construct allows for crowd funding.

Posted 3 years ago


A. Dear client the answer of your question would be depend on the type of crowdfunding. Equity Crowdfunding, specifically digital equity crowdfunding platforms, is illegal. Reward-based crowdfunding and donor-based crowdfunding is not. The Securities and Exchange Board of India (SEBI) has issued laws on digital equity crowdfunding in India as “unauthorized, unregulated and illegal”.apart from this Donation Based Crowdfunding,Rewards Based Model,Equity Model,Lending Model are currently popular i ...ReadMore
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Deepak Yashwantrao Bade
Deepak Yashwantrao Bade
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Tanu Shree

Sir, we own a pharma company in partnership of 3 members. All documentation is in my uncle's name. Recently, one of our key partners was having issues with the company having a marketing manager. The

Posted 3 years ago


A. A partnesrship is run by majority. If you are also a partner then you can side with your uncle to oppose the other person.
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