NKi (-) (29 Points)
13 April 2010I would like to know if a partnership firm registered in Karnataka can be converted to a proprietary concern. Also, what procedures need to be followed for the same.
Appreciate your guidance.
Thanks.
CS Mayur Buha
(Company Secretary)
(238 Points)
Replied 23 April 2010
If the conversion has to be made in Karnataka then simply, if the firm is registerd then cancle the registration by making application to the registrar, and as per partnership deed conditions the firm shall be dissolved.
there is no need to get registration for propritory concern.
Also apply for the cancellation of PAN Card and other Registration.
In practical Partnership firm can not be converted to Propreitorship. Only it can be disloved. and A new Concern shall have to start.
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