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conversion of partnership firm into Company

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2010 Dear Experts,

please let me know which provision of Companies Act 1956, make it mandatory for a Partnership Firm converted into private Company, to adapt the Articles of Association.
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Rasesh

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Rasesh (Expert)
05 June 2010 Partnership firm can be converted into company form under part IX of the companies act. Though there is no specific provision for compulsory conversion, a partnership firm cannot have more than 20 partners. If the number exceeds, it has to be registed as a company.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2010 Thank You Mr. Rasesh
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