takeover

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sachin (Querist)
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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......

Jayashree S Iyer

Jayashree S Iyer (Expert)
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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

sachin

sachin (Querist)
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06 December 2010 Thanx