what is partIX company?

Companies Act Sec 565 to 580 deals with Prt IX conversion  means conversion of existing partnership firm in to a limited company . here the first step is obtaining name approval and submission of various documents with roc for incorporation . its like a normal incorporation of a company but little bit lengthy procedure

The procedures are as follows

1. Get the name of the company by filing form 1A

2. Incorporate the company.

3.In the draft Moa And AoA, it shouls clearly mention the partnership details which has been converted to teh company and all assets and liabilities of the partnership has been takeover by the Company

4. file form 37 and 39

5. After incorporation comply all other provisions as required under new company incorporation

Part IX Company does not mean only Conversion of Partnership Firm into the Company.

Part IX Company means, Artificial Body who satisfies the below mentioned 3 conditions can be regd. under the Part IX

(1) At least 7 Member

(2) Have Bye-Laws and Valid Regsitration Certificate

(3) Have Share Capital/ Gurantee Amount after Incorporation.

So, If we elaborate the above condition, then Exhaustive List of the Artificial Body which can be converted under Part IX.

(1) Partnership Firm

(2) Co-Operative Society

(3) Multi State Co-Operative Society

(4) Trust

(5) Others

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If you need further clarification than contact me

CS Ankur Shah (Practicing Company Secretary)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

Contact: + 91-9427633901

E-mail: ankur @ csankur.com, ankurjewel @ gmail.com

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