Partnerships are governed by the Partnership Act, 1932 and companies by the Companies Act, 2017. A partnership deed or shareholder agreement sets out capital, profit sharing, decision-making and what happens when an owner leaves. When owners fall out, remedies include dissolution, accounts, buy-outs and, for companies, oppression and mismanagement petitions.
Who this is for
- People starting a business together
- Partners who want to register their firm
- Shareholders wanting an agreement to protect their stake
- Owners in a dispute with partners or fellow shareholders
How the partnership & shareholder matters process works
- 1
Understand the ownership
We review capital, roles and expectations of each owner.
- 2
Draft the deed or agreement
We draft the partnership deed or shareholder agreement.
- 3
Registration
We register the firm with the Registrar of Firms where needed.
- 4
Disputes
If owners fall out, we negotiate a buy-out or pursue the right legal remedy.
Documents you need
- ◆CNICs of partners or shareholders
- ◆Details of capital contributions and profit shares
- ◆Existing deed, articles or agreement
- ◆Financial records in a dispute
Timeline and fees
| Timeline | Deeds and agreements are drafted within a week. Disputes vary from weeks (settlement) to months (litigation). |
|---|---|
| Fees | Quoted in writing after we review your documents. Court matters are quoted stage by stage (filing, evidence, arguments) so you know the cost of each step before it starts. |
| Governing law | Partnership Act, 1932 · Companies Act, 2017: sections 286 to 288 · Limited Liability Partnership Act, 2017 |
Prevent disputes at the start
Most partnership disputes come from what was never written down: who decides, how profits are paid and what happens if someone wants out. A clear deed or shareholder agreement prevents most of them.
When owners fall out
We negotiate buy-outs, settle accounts and, where necessary, take the dispute to court, working with our litigation team.
Frequently asked questions
Is it necessary to register a partnership?
Registration is not compulsory, but an unregistered firm faces limits on suing third parties and partners, so registration is advisable.
What is a shareholder agreement?
A contract between shareholders covering decision-making, transfer of shares, deadlock and exit. It works alongside the articles of association.
What can a minority shareholder do if oppressed?
They can petition the court under the Companies Act for relief against oppression and mismanagement.
