Pls. clarify the difference between between:
* Conversion of a part. firm into Pvt. Ltd. company under Chapter IX
** Take over of a part. firm by an existing Pvt. Ltd. company
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CONVERSION OF FIRM INTO PVT. LTD.
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Pls. reply
Pls. clarify if we go by IInd option, how the assets will be shown in company's BS. If assets are revalued, would there be any capital gain?
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