bank
5 years ago
we were were two patner in a patnership firm and open a bank account of the firm .after that one patner is added and now we were three patner but in bank account we did not update the deed. now one of old two patners is expired. in bank what documents will be required for updating the new deed ? is death certificate will be required ?
Ambrose Leo
Responded 5 years ago
A.Consequent on death of a partner, the partnership will be dissolved,the bank may not consider,better to take up issue from a Expert lawyer from this panel on all aspects of issues quickly.
Helpful
Helpful
Share
Deepak Yashwantrao Bade
Responded 5 years ago
A.Dear client kindly apply to bank authority for update deeds.and also submit death certificate of deceased partner.better way to go through any experienced lawyer for further legal procedure.
Helpful
Helpful
Share
sistla ramakrishna
Responded 5 years ago
A.Dear Client,
Whether your partnership firm is a registered one or not. If not you must inform the banking authorities to add another partner name. Who has authority to operate bank account?. He should inform the bank about change of constitution of firm. If it is a registered firm you should inform the same to Registrar of Firms by submitting the new partnership deed and publish the same in a local news dailies as per directions of Registrar and inform the same to your customers and stake holders. you should inform the death of one of the partners to the bank authorities and public separately if it is a unregistered firm and if it is a registered firm then you should comply with the directions of Registrar of Firms. You should take expert advice of experienced advocates and chartered accounts.
Whether your partnership firm is a registered one or not. If not you must inform the banking authorities to add another partner name. Who has authority to operate bank account?. He should inform the bank about change of constitution of firm. If it is a registered firm you should inform the same to Registrar of Firms by submitting the new partnership deed and publish the same in a local news dailies as per directions of Registrar and inform the same to your customers and stake holders. you should inform the death of one of the partners to the bank authorities and public separately if it is a unregistered firm and if it is a registered firm then you should comply with the directions of Registrar of Firms. You should take expert advice of experienced advocates and chartered accounts.
Helpful
Helpful
Share
Rajender Prasad
Responded 5 years ago
A.YES THE DEATH CERTIFATE OF THE DECEASED PARTNER IS REQUIRED TO BE DEPOSITED IN THE BANK. FOR DETAIS, IT IS NECESSARY TO READ THE PARTNER SHIP DEED IF YOU HAVE,, THERE IS NO PARTNERSHIP,, YOU CAN FLOAT A NEW PARTNERSHIP FIRM . FOR DETAILS PL. CONTACT VIDHIKARYA.COM
Helpful
Helpful
Share
Read Related Answers
Compassionate appointment
Dear Client,
The SBI rules can not be breached. it could be the policy of the bank to not hire anyone. Please check with the rules and guidelines for heiring employees
Education Loan OTS
Dear Client,
Try to go to the online portal of the said bank and complaint about grievance through the same. it is advisable to repay the loan amount within the stipulated time or you may face seizur...
Sbi account put on stop by cyber security
Dear Sir/Madam,
Under the following provisions the Hon’ble Magistrate Court having ample powers to unfreeze the Bank accounts. Further, the Hon’ble Court has vast powers to hand over the properties/v...
My bank account got freezed
Dear Client,
Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
Bank loan harassment
Dear Client,
In the given scenario, you can escalate your grievance with the Grievance Redressal Officer of the concerned Bank, and in case no suitable response is received from the GRO of the Bank yo...
Read Blogs on Banking
Banking Lawyers
Find Lawyers by Location