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Miharika (n/a)     14 November 2007

Conversion of small Pvt Ltd Co. into Partnership

What is the procedure for closing down a small Pvt. Ltd. Co. (only 2 Directors / members - no employees, no business, no assets)
and thereafter converting said Co. into a Partnership firm ?

Is it necessary to file Winding Up Petition or is there any easier practical method.

Thanks.
Miharika


Learning

 1 Replies


(Guest)
No there is no easier route. Anyway when there are no assets, the liquidaton is easy and not time consuming. If i Bangalore, I can do it quicker. Anyway, law doesnot provide for such a change as both are covered by different enactments having different consequences.

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