CS Pooja (Company Secretary) (305 Points)
27 March 2013Hi All,
Kindly clarify following..
If shares are alloted by the company to the partners of partnership firm as a consideration for Take Over of that partnership firm, then while filling up Form 2 whether clause 4 (Shares alloted for consideration in cash) or clause 5 (shares alloted for consideration other than cash) to be filled in?
Query is urgent.
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 29 March 2013
the partneship is taken over means the assets and liabilities of the partnership firm are taken over so it is a consideration other than cash
CAclubindia
