Firm dissolution

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2015 A pvt. ltd. co. is partner in firm alongwith 4 other insividual partners.

If all 4 individual partners resign from firm then what will be the consequances.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

02 May 2015 The partnership will come to an end. The Pvt Ltd Co. can retain the business as a Proprietary Business of its own
.

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2015 Thank You Bafna Sb.

And what about the business assets of the p/s firm.
And if the company retains that assets, then if any capital gain arises, if yes then to what extent ?

And what other benefits arises in this situation to Pvt. Ltd. Co. ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

divakar podaturu

SHRI HARIRAO

Dalbir Singh Wadhera

Rajesh Surapaneni

Sandeep Ranjan

Subscribe Now

Firm dissolution

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

Article Assistant

GST CONSULTANT