Partnership firm
This query is : Resolved
18 June 2009
A partnership firm has been taken over by a Private Limited Company.
I would like to know any contract made in partnership after take over vaild.
And how can the partnership firm be closed completely. And the process involved.
Thanks in advance
I would like to know any contract made in partnership after take over vaild.
And how can the partnership firm be closed completely. And the process involved.
Thanks in advance
CA Hemant T Dewani
(Expert)
18 June 2009
YES IT IS VALID BECAUSE PARTNERSHIP IS CONVERTED IN TO PVT LTD CO. ALL PARTNERS ARE DIRECTOR IN THE CO. 51% HOLING ARE IN THE NAME OF PARTNERS & IT IS ONLY CONVERTED THE BUSINESS IS SAME & HANDLE BY SAME PERSONS
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