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pvt co taking over a firm

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(Querist)
16 May 2008 what is the procedure of a private limited company taking over a partnership firm. whether capital gain will be applicable for the partners of the firm if the co issues shares in liue of capital of the firm in the company
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
16 May 2008 You have to explain what is the methodology of take over you are referring to.
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