Firm dissolution

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2015 A pvt. ltd. co. is partner in firm alongwith 4 other insividual partners.

If all 4 individual partners resign from firm then what will be the consequances.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 May 2015 The partnership will come to an end. The Pvt Ltd Co. can retain the business as a Proprietary Business of its own
.

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2015 Thank You Bafna Sb.

And what about the business assets of the p/s firm.
And if the company retains that assets, then if any capital gain arises, if yes then to what extent ?

And what other benefits arises in this situation to Pvt. Ltd. Co. ?

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