When an existing Partnership Firm is converted into a Private Limited Company, whether partial transfer of Assets is allowed or is it compulsory to transfer all the assets and liabilities to the emerging Private Company as on the date of conversion?
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Conversion of Partnership into Private Company
Replies (3)
Quick Summary
If it is converted to private limited company then all the assets should be transferred to the new company
It's sane in case sole proprietor and also private limited concern.
Yes......
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