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Merger of proprietorship firm by private limited company

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12 June 2024 Whether merger of proprietorship firm with private limited company is possible ? whether it is possible that private limited company can take over all the assets and liabilities of proprietorship firm
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2024 The Memorandum of Association (MOA) of the company shall have one of its objects as “The takeover of a sole proprietorship”. A sale or takeover agreement has to be executed between the sole proprietorship firm and the company.
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