C.S. Rajesh Pillai (Company Secretary and Compliance Officer) (181 Points)
03 March 2009Attn.: Shri. Ankur Srivastava & Other Members,
Hi,
I am advised to register an existing Partnership under the Companies Act, 1956 (the Act). Part IX of 'the Act' provides for the same. (Sec.565..... r.w. PIB press release dated 5-8-99)
I am looking forward for the detailed proceedures to be complied with.
Since the matter is urget, please consider on priority
best regards,
Rajesh Pillai
9869271143
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 04 March 2009
Dear Rajesh,
A firm may be converted into a company be following the provisions of part IX of the section 565 to 581 of the Companies Act, 1956.
The detailed procedure and the requirements are given in the attached file.
C.S. Rajesh Pillai
(Company Secretary and Compliance Officer)
(181 Points)
Replied 04 March 2009
Shri. Ankurji,
Thank you for the reply.
Further pls. correct me if I am wrong:
1) Stamp duty need not be paid since there is no sale of Assets by the Partnership to Company
2) Tax liability is not there
What should be the criteria for stamp duty on the agreement facilitating the acquisition of business (Pls. refer Point No. 9 of your reply)
Kindly guide us in this regards,
Rajesh Pillai
Can you advice me about the tax i
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