Priya Sharma (Company Secretary & Student.MBA) (998 Points)
12 November 2009What is the procedure for conversion of a Partnership firm into a Company???
Regards
Priya Sharma
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 12 November 2009
The best and easy way of conversion of partnership into co. is TAKEOVER...
U can incorporate a new company(if not exist) and then it will takeover the partnership firm.
See the attachment
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 12 November 2009
Hey Ankur and aza...Thanks a lot to both of you...
Regards
Priya Sharma
| Originally posted by :Priya Sharma | ||
| " | Hey Ankur and aza...Thanks a lot to both of you... Regards Priya Sharma |
" |
My pleasure........but spelling of my name is wrong........................plz correct that.
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 12 November 2009
Ya.Thanks Raza..
But I have a query........If wer are speaking of the conversion of the Partnership firm into a company.....so is it that , it will automatically fall under the PArt IX companies.???
And does Partnership firm comes under existing company not being a joint stock company????
Rgds
Priya
CS Jithesh (ACS,)
(COMPANY SECRETARY )
(485 Points)
Replied 12 November 2009
Once the conversion of the partnership to company has took place. Then the newly formed coverted company will have the same chracteristics of a Ltd Company.
Rgds
CS Jithesh
| Originally posted by :Priya Sharma | ||
| " | Ya.Thanks Raza.. But I have a query........If wer are speaking of the conversion of the Partnership firm into a company.....so is it that , it will automatically fall under the PArt IX companies.??? And does Partnership firm comes under existing company not being a joint stock company???? Rgds Priya |
" |
I think there is something wrong in Notes provided by Mr. Raza. part ix of companies act covers only conversion of company( registered under any other act) to company under companies act 1956.
All the other points of notes are correct except the heading.So while going through that notes dont see the heading other points are perfect.
and dear priya partnership will not come under existing company not being joint stock company.
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