Internal transfer of a partnership property between partners.
Feb 05, 2026
108 views
1 answers
Property Law
► Hello, dear lawyers.
In 1988, A registered partnership firm in Haryana was made with the name M/S Gupta Traders, which was registered in the Registrar of Firms with 4 partners: Partner, A: Arihant Gupta Partner , B: Basant Gupta Partner, C: Manav Gupta Partner, D: Ajay Chaudhary.
In 1992, an HUDA / HSVP Plot (Haryana Urban Development Authority) was brought in the name of this partnership firm M/S Gupta trader, by executing a conveyance deed and obtaining proper permission from the HUDA and the plot was alloted in the name of M/S Gupta Traders through its partners. All the partners did business for 4 years.
In 1996: A notarised Dissolution deed was signed between all the partners, where it was stated that, " Partner A, Partner C, Partner D retired from the partnership firm, and all the assets and liabilities are vested in Basant Gupta; he can do the business singly or by adding new partners." THIS DEED WAS JUST NOTARISED, NOT REGISTERED, NO OTHER CONVEYANCE DEED OR TRANSFER DOCUMENT EXECUTED EXCEPT THIS NOTARISED DISSOLUTION DEED.
My Question is: As per Indian laws, who is the owner today, the Partnership firm with 4 partners or Mr Basant Gupta (sole partner after a notarised dissolution deed)?
In 1996, if a HUDA plot is in the name of the partnership firm, the remaining partners can transfer their share and title through a notarised dissolution deed, or to transfer the property internally within the partnership firm, again registered transfer deed was required?
This is my question. Thank you.
108 views
1 answer
1 Answer
Feb 08, 2026
Dear Sir, as per your query,
A notarised dissolution deed does not transfer ownership of immovable property; it only settles rights among partners.
Since the HUDA plot was in the firm’s name, a registered conveyance, transfer deed with HUDA permission was mandatory to vest title in Basant Gupta.
Legally the plot still vests in M/s Gupta Traders, Basant Gupta has only internal/equitable rights, not clear title.
For further details, feel free to contact our OLQ Team for a detailed discussion
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