When a proprietor of firm (manufacturing unit) decided to change the constitution of the firm from propriatary to partnership concern by allowing some other as partners for business development purpose, whether there is any need that the firm has to change its factory licence, VAT and other licenses / permissions.
The partnership deed is duly executed, stamped & registered with registrar of firm & there is no change in name of the firm.
Please advise.
CAclubindia
