Conversion of private company into partnership firm

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Querist : Anonymous (Querist)

24 October 2013 can a private limited company be converted to partnership firm? If yes then what is the procedure?

Ankur Garg

Ankur Garg (Expert)
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26 October 2013 According to me conversion of Private Company into a partnership firm is not possible.

You may form a partnership firm and sell the company's undertaking to the partnership firm then dissolve the company through due process under Companies Act, 1956.