Partnership and company matter

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2012 on, 28/10/2011 i had formed a partnership firm named "ABC Designs" containing Three partners A, B, C.

Now on 10/4/2012 i have incorporated private limited company Named "ABC Designs Private Limited" containing same Director named A and B. i.e., partners of "ABC Designs".

Directors and Partners are same.

Now please tell me that can i operate both the firm, i.e., Private limited and partnership firm at the same time?

or?

is it necessary that partnership should be dissolved to incorporate private limited company with same name and same director.

Vivek Hebbar

Vivek Hebbar (Expert)
Follow

27 October 2012 You can operate both the entities parallely.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2012 could you just tell me reason?

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2012 could you just tell me reason?

Vivek Hebbar

Vivek Hebbar (Expert)
Follow

30 October 2012 Your second question does not seem to be relevant. If you have any information as to why both cannot be operated then please share the same for discussion.

As far as my information goes, both are two separate entities. You can create any number of entites with the same diretors / shareholders / partners and operate all simultaneously.

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2012 ok thank you .
my question is can we create entity with same name.?