Conversion from partnership to private limited

This query is : Resolved

sweta (Querist)
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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

Ajay Mishra

Ajay Mishra (Expert)
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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.

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