Conversion of Partnership Firm to a Pvt. Ltd. company

Archika (Charetered Accountant) (17 Points)

06 June 2007  
Please suggest me various steps for the conversion of existing partnership firm to a private limited company. Also tell me what will be the implication of such conversion where the partnership firm is availing deduction u/s 80-IB? Will it be available after conversion to company also? Please also tell me other implications of such conversion with respect to different acts.