Can sale-deed be executed by 1 or 2 of many partners of a partnership firm ?
23 Aug 2014, 09:28
Can the vendor - a partnership firm, registered with Form-C having 3 partners, be represented by only 2 partners in executing a sale-deed ? This is for property registration purposes. Isn’t the 3rd partner also mandatory ?
It is clear that the registration will go through without problems, but does this result in effective title transfer, or can this be contested by the 3rd partner ?
Can a NOC from the 3rd partner, in such a case, be the remedy ?
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