can a partnership firm be acquired by a private limited co.
This query is : Resolved
Neha Wadhawan
(Querist)
01 July 2009
What is the checklist/procedure for above subject?
Which provisions are applicable?
Pl. provide me each and every detail related to this....
Which provisions are applicable?
Pl. provide me each and every detail related to this....
CA. B.SRINIVASULU
(Expert)
02 July 2009
Yes the pvt. ltd coy can acquire partnership firm.
Value the net assets of the firm.
Value the share price of the pvt ltd coy.
Then issue shares to the partners of the firm in their proportion of capital.
Capital gains will be attracted to the firm.
Value the net assets of the firm.
Value the share price of the pvt ltd coy.
Then issue shares to the partners of the firm in their proportion of capital.
Capital gains will be attracted to the firm.
Message likes :
1 times
Ankur Garg
(Expert)
02 July 2009
Yes. Such acquisition by Pvt. Co. is possible.
Neha Wadhawan
(Querist)
03 July 2009
kindly advise whether NOC is required to be taken from Debtors and Creditors of the Firm.
Aditya Maheshwari
(Expert)
08 July 2009
You can take NOC and ask them whether they have any problem if you convert the same.
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