conversion


13 December 2008
ours is a pvt ltd co.in building construction trade,we have taken over a partnership firm as a going concern and after taking over the partnership firm,the partnership firm is dissolved.our pvt ltd co. now wants to take the advantage of credentials of taken over partnership firm--
1.like its experiences of work done,i.e.work completion certificates.
2.its turnover in last years.
The query is so generated bcoz ours pvt ltd co.is doing contract business so previous experience[specially these two] is a critical factor in bidding.


13 December 2008 It will not be possible because both of them are different entities run by different people. However if all the partners of firm have joined the Company then you can enjoy some benefits. If they are not then you cannot enjoy any benefits.

14 December 2008 Dear Sir
in your reply u wrote "some benefits" plz elaborate your reply.and yes all the partners of the partnership firm have joined the pvt ltd company.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries