Question:medium
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: Jan 14, 2026
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Solution and Explanation
No, Deepa requires the consent of Guddi and Vani, the other partners, to transfer her partnership share to her son Deepak.
Reason:
Partnerships are founded on mutual trust and agreement; therefore, a partner cannot assign their stake in the firm to an external party without the unanimous approval of all other partners.
Feature of partnership highlighted:
Unanimous Partner Consent for Share Transfer —
Transferring a partnership share to a third party necessitates the unanimous consent of all partners. This safeguard protects the rights and interests of the existing partners.
Reason:
Partnerships are founded on mutual trust and agreement; therefore, a partner cannot assign their stake in the firm to an external party without the unanimous approval of all other partners.
Feature of partnership highlighted:
Unanimous Partner Consent for Share Transfer —
Transferring a partnership share to a third party necessitates the unanimous consent of all partners. This safeguard protects the rights and interests of the existing partners.
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