Procedure for acquiring assets & laibilities of partnership

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Dear Freinds,

Please let me know the procedure for Purchase/Acquiring Assets & laibilities of partnership by a Company, under the provisions of Companies Act 2013.

Thanks in Advannce

 

Replies (2)

Prepare Business Transfer Agreement between the firm and  company  and get it  approved by  the  Board.

Acts  applicable in  this case are:

- Contract Act

- Sale of  Goods Act

- Transfer of Property Act

- Partnership Act

- Companies Act

- Income Tax Act

- Stamp Act

 

Thank you sir

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