Section 42 (c) of the Partnership Act can be applied appropriately to a partnership in which there are more than two partners. If one of them dies, the company will be dissolved; but if there is a contrary contract, the surviving partners will continue to pursue the business. 2. The loan is given to you and not to the partnership company you wish to acquire. In this scenario, there is no need for a tripartite agreement. 2. There was no new company when the transmission of the RGS took place. Is this ground sufficient to pray for the dismissal of the appeal for this reason? 1. You must submit a loan agreement to prove that a loan has been granted to your SIL. First, your husband must prove his power to take legal action to challenge a case. After the partner`s death, its legal representatives have the right to be appointed partners of the company. Only legal representatives are entitled to the company`s assets and commitments.
adjustment of the company`s assets and liabilities. (b) No contract/agreement between the company or in writing or orally The response to Q1 with respect to the above provisions does not appear to be sustainable for the newly created company without the agreement of its active partner and the designation without notice itself. As you have locus standi, your son-in-law does not need to challenge. 3. Normally, you need a will, if the act of partnership is silent on what will happen in the event of the death of the partner, in cases where there is no will, then a certificate of succession or an estate is required. If the new company has taken over the assets and liabilities of the dissolved company by an agreement, then it can claim a claim from the debtors for the return of the loan lent by the previous company, but you can look for any other motive while you delete the action. 3. In partnership contracts is usually determined where the actions go with the death of a partner, and it is usually addressed to other partners. However, you can challenge this in court as a rightful heiress and, since you have also been a partner of the former company, you have the right to claim your paternation.
5. The transaction in question of the seller with the assets mentioned and the good value of it, but subject to the above mortgage are valued at the case…. Of this amount, Rs.__ by the organizers for and for and for the company proposed above, to the seller was paid, so serious and besides a sum of Rs…. is sold to the seller in cash and the balance of Rs…. are paid and are considered to be allocated by shares of the face value of Rs…. capital of that company. 10. The organizers and the seller will be the first directors of the company and one of the promoters will be the chairman of the board of directors.