A limited co. take over the running business of a firm

This query is : Open

Pankaj Mittal (Querist)
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10 February 2011 Dear All,

Please clarify following:

Existing Limited Company wants to takeover the running Partnership Firm and close sown the partnership firm.

In case of purchase whether stamp Duty will be applicable even though there are no fixed assets of Partnership Firm.

Is it possible that the main object of the company be changed to insert the take over object.

Mohit Garg

Mohit Garg (Expert)
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11 February 2011 yes, Your object clause need to changed in order to takeover the partnership firm.
You can also check your ancialliary object carefully, some times takeover clause you can find there.