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Conversion of partnership into pvt ltd

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(Querist)
01 June 2012 Is is necessary to have 7 partners in Partnership firm to convert into Pvt Ltd as per part IX of Cos Act?

What if there are two partners in the partnership firm and both agree to convert the firm into Pvt Ltd?

Is it necessary to have both the partners inducted as Director in the Pvt Ltd?
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
01 June 2012 The reply is as under:-

1. YES
2&3. not relevant question as you need 7 partners.
Please refer part IX of companies act

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