Death of a LLP Partner- transfer of contribution

    Posted By : damini / Published on : 18-Nov-2019 01:38 PM / View : 36 / Comment : 0
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    LLP agreement does not stipulate any clause in the case of the death of a partner. In such case, can we transfer the contribution of Rs.90,000/- of the deceased partner in his wife name after receiving a request letter from his wife in this respect and with the consent of all the partners or shall we ask for legal heirship certificate from tahisildar for admitting his wife as Partner by transferrinf the contribution of the deceased partner in favour of his wife.

    New Partner can be admitted with the consent of all the partners as per the LLP agreement. Members may guide in this respect.
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