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Takeover

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(Querist)
30 August 2010 What is the procedure for takeover of a running proprietory concern (manufacturer) by a newly formed Pvt LTd Company .The proprietor is also a director in the new company alongwith his other relatives..
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Rasesh

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Rasesh (Expert)
30 August 2010 Do a business takeover agreement. Since there is no shareholding, etc involved in proprietorship, the agreement can be on stamp paper of nominal value and can include details for takeover of business brand only.

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bankim

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bankim (Querist)
30 August 2010 How will the manufacturing plant be taken over..
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Rasesh

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Rasesh (Expert)
30 August 2010 The sole prop can sell the manufacturing unit as sale of business undertaking to the private limited company at a fixed consideration.
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bankim

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bankim (Querist)
13 September 2010 Can you post a draft business takeover agreement
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 August 2023
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