CONVERSION OF PARTNERSHIP FIRM TO PVT COMPANY

A pvt company is incorporated without fling URC-1,The actual intent of the Company is to convert from a Partnership Firm the partners are the directors in the Company, is there any option available to convert Firm into the incorporated Company.
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Quick Summary
This discussion addresses the conversion of a partnership firm into a private limited company when the company has already been incorporated without filing URC-1. While direct conversion might not be straightforward after incorporation, the advice suggests closing the partnership firm through a dissolution deed and then incorporating a new private limited company. This approach allows partners to become directors in the new entity.

What do you mean by incorporated company?
A company can be public or private depending on the way it is being set up.
A private company has some disadvantages while a public company has certain disadvantages.
Both has its advantages.
You have to close down partnership firm by way of dissolution deed. You can anytime incorporate Pvt Ltd company .
Close down and start afresh.

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