LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Umesh Khanna (CEO)     26 July 2014

Firm status change ,cases sub judice

Sir ,

My fathers proprietorship firm is in legal cases against his debtors, Due to his age and health he wants to transfer the firm in my name , can he do so while the cases are subjuidice ? . We have been advised to convert the proprietory firm to a partnership , what happens to legal rights of the proprietory firm to recover money? the main point is effect of present litigation with change in status of firm?

please guide



Learning

 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register