conversion of a partnership firm into a pvt ltd company
This query is : Resolved
07 December 2008
sir
1. Is it posibile to convert a partnership firm in to a pvt ltd copmany.
2. Is it possbile for the new comany to legally claim the experience and goodwill of the partnership firms provided all partners become the member of the compnay and the active managing partner becomes the manager/shareholder of the company.
3. If the partnership firm is taken over by the existing company is it posibile to claim the experience of the partnership firm provided all partners are already the shareholders of the company.[After take over all partners become the shareholder of the company]
4. The issue of claiming experience is arised due to the partnership firm is doing contract business so previous experience is a most critical factor in bidding.
1. Is it posibile to convert a partnership firm in to a pvt ltd copmany.
2. Is it possbile for the new comany to legally claim the experience and goodwill of the partnership firms provided all partners become the member of the compnay and the active managing partner becomes the manager/shareholder of the company.
3. If the partnership firm is taken over by the existing company is it posibile to claim the experience of the partnership firm provided all partners are already the shareholders of the company.[After take over all partners become the shareholder of the company]
4. The issue of claiming experience is arised due to the partnership firm is doing contract business so previous experience is a most critical factor in bidding.
08 December 2008
1.Yes.
2.Yes.
3. Depends on various factors.
4.May be difficult if the tender grantor refuses to recognise the new entity.
2.Yes.
3. Depends on various factors.
4.May be difficult if the tender grantor refuses to recognise the new entity.
08 December 2008
plz suggest what consists of various factors.secondly how can the tenderer refuses to recognise the new entity.
Guest
Guest
(Expert)
10 October 2009
Go for chapter IX conversion procedure under companies act, 1956
This procedure would recognize the partners experience.
This procedure would recognize the partners experience.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- FEMA regulation Act. for inward remitance
- Difff in ais receipts and gst turnover
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
