Conversion of partnership firm into a pvt ltd co

Vasu Moottu Kuzhiyil (Querist) 22 August 2014 This query is : Resolved
1) Whether a partnership firm with existing two members (Out 4 who formed PF inin 2012, 2 have already retired signing rtd deeds) can be converted into a Pvt Ltd Co?
2) As our firm was formed in 2012, after conversion whether we can claim the formation with a retrospective effect.

3) after conversion, how do others know that we have been doing business sine formation of Partnership firm

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ADV-JEEVAN PATIL, MUMBAI (Expert) 22 August 2014
Yes if u qualify for prescribed capital. Pvt co is different entity

Devajyoti Barman (Expert) 23 August 2014
1. yES BUT YOU NEED AT LEAST ANOTHER DIRECTOR.
2. The name and style of the business would be followed by the words ' Pvt. Ltd.'.

Vasu Moottu Kuzhiyil (Querist) 23 August 2014
My Partnership firm is registered in 2012. At present, only two partners available in the firm ( Others retired). If we convert this into a Pvt Ltd Co., following queries may be clarified.
1) After conversion into company, is there any provision to retain the date of formation Partnership firm with Company?

2. Partnership Firm with only 2 Partners is eligible for conversion.

Devajyoti Barman (Expert) 23 August 2014
1. No
2.yes

V R SHROFF (Expert) 23 August 2014
do all these with help of CA

Rajendra K Goyal (Expert) 23 August 2014
Consult a CA and proceed with formalities.

Dr J C Vashista (Expert) 23 August 2014
Consult your CA/LAWYER

T. Kalaiselvan, Advocate (Expert) 27 August 2014
A local CA/consultant will be able to guide you properly on this issue by a proper consultation with him/her showing all relevant papers, better approach one instead of getting misguided by furnishing partial information.

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