Incorporation
This query is : Resolved
23 November 2011
I have created a partnership firm and construction and installation of machinery is in process. Now I want to work as a Pvt Limited Company. What are the options I can go for ?
Should I convert partnership into company or incorporate a co having partnership firm as a director or member ?
Should I convert partnership into company or incorporate a co having partnership firm as a director or member ?
23 November 2011
I Think Best Way Dissolve Firm.
Create New Company or Buy From Market.
Create New Company or Buy From Market.
24 November 2011
Form a Private Company and acquire the assets and liabilities of the running business of the partnership firm by entering an agreement.
The agreement may be made before the incorporation of the Company by the promoters of the Company and seller of the business, which on incorporation shall be ratified by the Company.
or
the partners of the firm can be become the subscribers to the Memorandum of Asoociatopn and also the promoter of the Company. The assets ad Liablities can be taken over by the Company.
The agreement may be made before the incorporation of the Company by the promoters of the Company and seller of the business, which on incorporation shall be ratified by the Company.
or
the partners of the firm can be become the subscribers to the Memorandum of Asoociatopn and also the promoter of the Company. The assets ad Liablities can be taken over by the Company.
24 November 2011
Dear Charu, if the partners become the promoters and assets and liabilities are taken over, is there any capital gain on that ?
26 November 2011
Actually I Not Suggested to Take Over Business of Firm and Form Company, Because There are Certain Conditions to Be Fulfilled in Sec 47 of Capital Gain to Claim Exemption from Capital Gain.
Best Way That i Suggested to u Before.
Best Way That i Suggested to u Before.
18 September 2012
Pv ltd company incorporated but the firm is still there. The partenr in the firm is one of the promoter of company. What shd to do now>
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
