Legal Question in Business Law in India

hi, this is ram from hyderabad we are of 3 friends(ram,ashok &anand;) interested to take distribitorship of sujana steel in viyayawada. firm registration has been done as we are 3 partners in the business.firm registration has done before aggrement was not given by sujana steel.idea was given by me(ram).now they are trying to skip me.and they are palnning for another firm registration as 2 partner ashok & anand) in the same businees (sujana steel).how i can take legal action on them.if firm registration is done as 3 partners.and skip me and made new firm registration as 2 partners of same business.or any docemenetation should be done before or after firm registaration that not to skip me.form the business plzz help me

Asked on 2/04/15, 2:23 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

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04.02.2015

Dear Ram,

You have registered a partnership firm and there also ought to be a Distributorship Agreement between Sujana Steel, Vijaywada and your partnership firm. The partnership firm deed usually specifies who remains the Managing Partner of the firm. If you are the Managing Partner named in the Partnership firm deed, and you have accepted and signed the Distributorship Agreement with Sujana Steel on behalf of the partnership firm, commencement of business remains at your call and disposal. In my opinion, you should reinforce your stake further by completing the procedure for obtaining the Shops & Establishment Act License, VAT Registration, Service Tax Registration as applicable and going ahead with the business. Your two other partners Ashok and Anand will be forced to follow you.

Regards,

Answered on 2/04/15, 4:13 am

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