Question:
Deepa, Guddi and Vani are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Deepa wants to transfer half of her share in favour of her son Deepak without the consent of Guddi and Vani. Can Deepa transfer her share? Give reason in support of your answer. State the feature of partnership highlighted in the above case.
Deepa, Guddi and Vani are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Deepa wants to transfer half of her share in favour of her son Deepak without the consent of Guddi and Vani. Can Deepa transfer her share? Give reason in support of your answer. State the feature of partnership highlighted in the above case.
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Transfer of partnership share needs consent of all partners due to mutual trust and agreement.
Updated On: Jul 4, 2025
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Solution and Explanation
No, Deepa cannot transfer her share in the partnership to her son Deepak without the consent of the other partners, Guddi and Vani.
Reason:
In a partnership, a partner cannot transfer his or her share in the firm to an outsider without the consent of all other partners because partnership is based on mutual agreement and mutual trust.
Feature of partnership highlighted:
Consent of All Partners Required for Transfer of Share —
Partnership requires the unanimous consent of all partners before any partner can transfer their share to a third party. This protects the interests and rights of existing partners.
Reason:
In a partnership, a partner cannot transfer his or her share in the firm to an outsider without the consent of all other partners because partnership is based on mutual agreement and mutual trust.
Feature of partnership highlighted:
Consent of All Partners Required for Transfer of Share —
Partnership requires the unanimous consent of all partners before any partner can transfer their share to a third party. This protects the interests and rights of existing partners.
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