merge a partnership firm in to a private ltd co

This query is : Resolved

sreejesh (Querist)
Follow

26 February 2017 i have a partner ship firm.and a private ltd.co... plan to merge partnership firm to private ltd co. what is the formalitys....for this..????

Kumud prasad

Kumud prasad (Expert)
Follow

27 February 2017 No merging or amalgamation is possible. However assets and liabilities of the partership firm can be taken over by the limited co in exchage of shares allotted to the partners of the partnership firm.
Other alternative is to convert the partnership firm into a limited company and then merge the two companies or amalgamate them.

sreejesh

sreejesh (Querist)
Follow

27 February 2017 assets and liabilities can take to pvt.ltd ?

Message likes : 1 times

Kumud prasad

Kumud prasad (Expert)
Follow

27 February 2017 Yes private limited Company can acquire from Partnership Firm.

Message likes : 1 times

sreejesh

sreejesh (Querist)
Follow

21 March 2017 thanks sir....and one more doubt .we have a food licence and liquor license , we can serve the food and liquor in other our firm which is in same premises as a outdoor catering service basis

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