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
CAclubindia
