Absorption of registed firm by pvt

hdshardik (Querist) 28 October 2013 This query is : Resolved
can a private ltd co take over the registered partnership firm? which clause gives authority to pvt ltd co . to take over the firm? what to check in Memorandum of association and article of association?

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Devajyoti Barman (Expert) 28 October 2013
academic query..........

Ms.Nirmala P.Rao (Expert) 28 October 2013
The objects clause of Memorandum of association permits a company/pvt limited in this case to take over the business of a registered partnership firm if businesses of both are ancillary or incidental. Otherwise, it is beyond its powers or subject to doctrine of ultra vires. If you wish to thank me for this reply please click the thank you button on my profile.

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