Legal Question in Civil Litigation in India

two brothers, aged 75 and 80, are joint landlords of a building as well as equal partners in a business.

both have mutually agreed that one will release all his rights & share, both as landlord and business partner, in exchange for an agreed sum.

My question is: What documents will need to be executed ?

Settlement Deed ? or Deed of Conveyance or Partition deed ? gift deed ? or any other ?

i understand that in each case, stamp duty will be different.


Asked on 1/08/11, 3:28 am

1 Answer from Attorneys
Sanjay. K. Dixit, Advocate. Sanjay K Dixit, Advocate @ Karnataka Bar Council Enrolement No: "KAR/898/2007"

Dear Sir,

If this is a partnership firm's retirement settlement is made, then each of the partners of

such firm should disolve mere firm, and it has to be re-constitute again with fresh terms, condition as acceptable to both of partners accord to the partnership act 1932 of India.

please contact any C.A. or Advocate with details

Read more
Answered on 1/09/11, 7:41 am


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