A limited co. take over the running business of a firm
This query is : Open
Pankaj Mittal
(Querist)
10 February 2011
Dear All,
Please clarify following:
Existing Limited Company wants to takeover the running Partnership Firm and close sown the partnership firm.
In case of purchase whether stamp Duty will be applicable even though there are no fixed assets of Partnership Firm.
Is it possible that the main object of the company be changed to insert the take over object.
Please clarify following:
Existing Limited Company wants to takeover the running Partnership Firm and close sown the partnership firm.
In case of purchase whether stamp Duty will be applicable even though there are no fixed assets of Partnership Firm.
Is it possible that the main object of the company be changed to insert the take over object.
Mohit Garg
(Expert)
11 February 2011
yes, Your object clause need to changed in order to takeover the partnership firm.
You can also check your ancialliary object carefully, some times takeover clause you can find there.
You can also check your ancialliary object carefully, some times takeover clause you can find there.
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