Take over assets of firm by newly form private co
hetalsangoi
(Querist) 16 August 2012
This query is : Resolved
when a newly formed private co is established and some of the assets of existing partnership is transferred to new co,what are the step by step method are require to follow?
or which is the book or site will helped to study?
Atul D Suryavanshi
(Expert) 16 August 2012
Hi, If a company id not registered yet then you can convert your Partnership Firm into LLP or Company and by this procedure you can transfer all assets and Properties to New Legal Entity moreover you can save the incorporation Cost also. You have to just pay conversion Charge. Else you have to either dissolve or Merge the existing Partnership Firm and seek permission to transfer the assets to New Company by Applying to Registrar of Firm.
We would like to help you. Kindly revert to below mentioned email with further details.
Regards,
Atul Suryavanshi
Managing Partner
JC Law Firm
Mobile- 09923552956
Email: atul@jclawfirm.in
DR.VEDULA GOPINATH
(Expert) 19 August 2012
DEAR QUESTIONER
Partnership firm can be converted into a private limited company as a going concern with all its assets and liabilities by the proposed private limited company.
Also the consideration for the assets can be done by allotment of shares in the proposed private limited company.
I can guide you further, please contact me at the following
dr vedula gopinath
corproate advisor
09848227926
vgopinath2@yahoo.com
