Hi Everyone,
My present Partnership deed does not include any clause for Conversion of PF to Company. As per Part IX of Companies Act 1956, a Supplementary Deed need to be executed to align with the requirements;
> There must be atleast 2 partners in the partnership firm;
> The firm may be registered with the Registrar of Firms;
> There must be a fixed capital divided into units;
> There must be provision of converting a firm into company;
> There must be an agreement by the partners to convert the partnership to a company. This can be done by a contract in writing to this effect to which the partner’s resolution for conversion can be attached as annexure.
My Requirement:
> Can someone provide me an extract of Supplementary Deed.
> Draft Format of Settlement Deed.
Thanks in advance
CAclubindia
