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Author Topic: Advice on Partnership agreement  (Read 660 times)

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Offline bannie

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Advice on Partnership agreement
« on: September 20, 2015, 10:01:07 PM »
Hi,

Looking for some legal advice on partnership.

I am an NRI, a friend of mine is setting up a café in India and has approached me for investment purposes. He is willing to give me a % share in capital and profits provided I invest a certain % towards setting up costs.

He is planning to register the café as a private limited company. He is willing to create a partnership deed between the two of us with all the required details.

Below are some of the questions I have:

   1. Do I have to be listed as one of the director's when registering the company?
   2. Do we have to register/submit the partnership deed somewhere for it to be valid legally?
   3. What is the procedure of bringing in a third partner in the future?
   4. Any other advise you can give me.
   
I look forward to your responses.

Thank you.
bannie  :)

Offline adv.amarnath

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Re: Advice on Partnership agreement
« Reply #1 on: September 21, 2015, 09:48:02 AM »
I think you have been making fool.... or You and your friend is confused. When you are asking about Pvt Limited company then there is a question of Director, etc etc. But when you are asking about addition of third person as Partner then it is a different scenario i.e. Partnership Business.

Please make sure what you and your friend intent to do....Company or Partnership business
Regards,

Amarnath Sanyal
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Email - adv.amarnath.sanyal@gmail.com
Mob - 09830303322

 

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