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Claim by retired partner for capital account balance
06-Dec-2023 (In Corporate Law)
Within how many years can a retired partner claim his Capital Ac balance and Goodwill, interest if any?
My respects to you,
Referring to the legal provisions it can be three years, to file a suit for finalisation of accounts of partnership fim, with the advent of Insolvency and BAnkruptcy Act, proviosion are also there to declare you a creditor and then take the due process of law further.
BEst
Referring to the legal provisions it can be three years, to file a suit for finalisation of accounts of partnership fim, with the advent of Insolvency and BAnkruptcy Act, proviosion are also there to declare you a creditor and then take the due process of law further.
BEst
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Adv. Abhishek Mukherjee
Ahmedabad | 100+ Answers
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Sir,
Generally for any monetary claim is to be made within 3 years of the claim becomes due, but in your case the claim is not only monetary but it also included goodwill which is intellectual property which has more definite strata in transfer of property, which is claimable within 12 years.
Generally for any monetary claim is to be made within 3 years of the claim becomes due, but in your case the claim is not only monetary but it also included goodwill which is intellectual property which has more definite strata in transfer of property, which is claimable within 12 years.
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