Conversion of firm into limited company

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Querist : Anonymous

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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.

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.



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