takeover
This query is : Resolved
27 November 2010
Dear All
Please help me to understand :
can a private Ltd company can be takenover by firm (sole proprietor or partnership firm)and if yes whether High court approval is necessary?
Thanking all in anticipation......
Please help me to understand :
can a private Ltd company can be takenover by firm (sole proprietor or partnership firm)and if yes whether High court approval is necessary?
Thanking all in anticipation......
06 December 2010
Private Limited Company cannot be taken over by firm while vice versa is possible. The constitution of Private Limited company vis-a-vis firm / sole proprietorship are different. The company has to be wound up following the procedures stipulated in the Companies Act, 1956
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