New private limited

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2011 My client is intending to convert his partnership into a pvt ltd company.

Can anyone tell me procedure for the same.

Regards

CS VENKATARAMANAN S

CS VENKATARAMANAN S (Expert)
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24 July 2011 Dear Friend,
You didnt tell the number of partners. First take the din for every partner. Consult with them about the share capital (Authoriesed & Paid up). Seek name availability by filing form 1A with ROC. after availability prepare moa & aoa according to the business and file form 1,18,32 with ROC to incorporate the company. After incorporation take over the partnership business as a purchase. thats all.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2011 Only 2 partners.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2011 Then what about that part IX of Companies act???

CS VENKATARAMANAN S

CS VENKATARAMANAN S (Expert)
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24 July 2011 no problem. take din first for the 2 and follow the same procedure. It is like incorporating a new company only except taking over the existing business done by the partnership firm.

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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25 July 2011 Expert is right and I agree with the expert

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
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25 July 2011 In addition to suggestion given by Venkat, i would suggest to mention in form 1A that this company is being incorporated to take over running business of partnership firm.