Conversion of firm into limited company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2012 One partnership (name A) firm incurrig lossed in the cuurent year. One company (name B). For Claiming benefit of Accumulated losses Company B Can take over businss A or We have to incorporate Company C.

CA Jatin Kacha

CA Jatin Kacha (Expert)
Follow

06 November 2012 As per my opinion, you don't need to incorporate new company c.

you just take over company A by company B.

you would be eligible to set off losses subject to other applicable provision's compliance.