23 February 2012
partnership firm can be register under companies act how to register the same and what documents to be required.
in a balance sheet any possibility to create reserve capital if yes how to transfer the net profit to reserve capital. which type need more informaion can u tell me i will submit for ur reference
eg:- company is occured an expenses they cleare the bill on that financial year that has shown as sundry creditors. like this type of enteries
23 February 2012
An existing partnership firm can get itself converted into a Company as per Chapter XIX and continue its business as a going concern. The main advantage for this type of conversation is that the assets of the firm get trasnferred in the new company without paying any transfer charges to registerar and also this does not attract capital gains. Second part of your question requires some more detailing.
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