Conversion into part ix or private company

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Jyoti (Querist)
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17 June 2013 Dear Frnds,

my question is abt a registered Parnership firm having 5 members as family partners sharing equal profit total amt standing to the cr of the firm capital is 225 lacs
turnover 70 crores
taken working capital limit frm SB 75 lacs
term loan 150 lacs o/s payable in 3 yrs
and secured by hypothication of book debt stcks and movable assets. the firm having manufc unit at Navi Mumbai in own premises as per last valuation the immovalbe properties carried out stamp value is Rs. 4.5 crore so my question is from the above its good to conver PF to Part IX Company or to incorporate new and take over the assets under Companies act IT Act Stamp Duty act

Mail me on csjyotipadia@gmail.com or roongta.ashish1@gmail.com

Plz its urgent

Thanks

Rupesh Jain

Rupesh Jain (Expert)
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18 June 2013 r/sir

pls make agreemant with partner that they want to tfr their business in to pvt ltd co.

after that this aggreement with partner ship deed regd with ROC.

and stamp duty are not applicable on partner ship firm to pvt ltd co.

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