Conversion from partnership to private limited
This query is : Resolved
03 April 2013
Dear All,
Please help.
Our Partnership Firm has capital contribution of Rs. 2 crore +
The firm decided to convert to company.
Please let me know whether after conversion capital of partnership firm i.e. Rs. 2 crore +
must be authorised as well as paid up capital of the Company
or
Authorised Capital should be Rs. 2 crore +
and paid up capital can be the minimum req. as per law i.e. Rs 1 lacs
Thanks and Regards,
Sweta Todi
9833189497
Please help.
Our Partnership Firm has capital contribution of Rs. 2 crore +
The firm decided to convert to company.
Please let me know whether after conversion capital of partnership firm i.e. Rs. 2 crore +
must be authorised as well as paid up capital of the Company
or
Authorised Capital should be Rs. 2 crore +
and paid up capital can be the minimum req. as per law i.e. Rs 1 lacs
Thanks and Regards,
Sweta Todi
9833189497
Ajay Mishra
(Expert)
03 April 2013
Hi
It will be part of Paid up capital, because you have already contributed to the firm and it become part of the firm. You will make agreement to contrubute in capital of the company accordingly.
It will be part of Paid up capital, because you have already contributed to the firm and it become part of the firm. You will make agreement to contrubute in capital of the company accordingly.
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