Take over a partnership and proprietorship firm by company
This query is : Resolved
08 May 2013
1) is it possible to convert a partnership firm and a proprietorship firm in pvt ltd company without going through part ix
2)If yes then if any leagal person not accepting it and saying that it is not the right procedure. he says that there is no express provision in company act to do such conversion.
3 )in Main object clause ,it is mentioned to take over both the firm.
4) pl provide if any example, and any court order if any available regarding these type of conversion.
2)If yes then if any leagal person not accepting it and saying that it is not the right procedure. he says that there is no express provision in company act to do such conversion.
3 )in Main object clause ,it is mentioned to take over both the firm.
4) pl provide if any example, and any court order if any available regarding these type of conversion.
22 June 2013
Yes a partnership firm can be converted into a Pvt. Ltd. company by chapter 9 but for proprietorship you have to make a sale to the company
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