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conversion of proprietership to partnership

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(Querist)
31 August 2009 one proprietership converted in to partnership firm.

what is effect of stock of this proprietership?

pleas give reply with relevent reference
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Ratan Sharma

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Ratan Sharma (Expert)
31 August 2009 It depends between the agreement of proprietor and new partnership firm. Either it can be continued in the new partnership firm or can be withdrawn by the proprietor.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
31 August 2009
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