Legal Question in Civil Rights Law in India
I Premraj Suresh Kumar HUF (Karta) propritor of steel industry. The land of the industry is in the Name of HUF. Now the firm constitution changed from Propritorship to Partnership and retired HUF partner. NOw HUF transfer to the land in the name of Industry. What is your openion/process?
Asked on 3/28/10, 12:29 am
1 Answer from Attorneys
It amounts to sale of land of HUF and the amount accepted by the Karta will be distributed amoung all the HUF partners.
Regards
Answered on 3/28/10, 2:32 am
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