take over of a partnership firm

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ankit (Querist)
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30 November 2008 Hello Sir
We are an pvt ltd company in building construction trade.can u plz clear a query.....?
Our company is taking over a partnership firm of the same trade,after the takeover completes will our pvt ltd firm will be able to use the old credentials of the partnership firm.Credentials here means all the past work completion certificates issued to the partnership firm by the various departments where it worked earlier.
if not so,is there any way by which the pvt ltd company will be able to use the old credentials

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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01 December 2008 No, you cann't do so because now no partnership firm will exist. All the certificates are issued to that firm. Now all their property will be merged into Company and firm will no longer into existence........so no question of taking any benefits from those credentials.

ankit

ankit (Querist)
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06 December 2008 thanks for your reply sir
but what should be done to get benefit of old credentials

ankit

ankit (Querist)
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06 December 2008 Hello Sir
We are an pvt ltd company in building construction trade.can u plz clear a query.....?
Our company is taking over a partnership firm of the same trade,after the takeover completes will our pvt ltd firm will be able to use the old credentials of the partnership firm.Credentials here means all the past work completion certificates issued to the partnership firm by the various departments where it worked earlier.
if not so,is there any way by which the pvt ltd company will be able to use the old credentials