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Liquidation of HUF / Partnership firm

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(Querist)
03 March 2008 Hi,



I have a query.



Incase an HUF (under liquidation) has after paying up all its secured creditors some losses left in the books.



Can that HUF sell its business (book losses) to a COMPANY?



If yes, can you please mention the procedure for such Liquidation and consequent Acquisition?

my email : kovid25@gmail.com


Thanks and regards,
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
04 March 2008 It can sell. There is no question of liquidation of HUF. But HUF properties can be fully sold off.

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