Legal Question in Wills and Trusts in India

An acer of land is given on 99 years lease by govt. for hotel industry to a recently formed Limited Liability Partnership firm consisting of 8 partners. Can each one divide the said land in 8 pieces and start hotel business seperately.


Asked on 6/26/11, 3:22 pm

1 Answer from Attorneys
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

i think land is given to a firm not to individual partners if u have to come in sole proprietorship u have to seek permission from govt. by your own u can not do this .

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Answered on 6/28/11, 12:28 am


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