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Rahul Srivastav (Business)     14 October 2011

Deed of assingment

We have a factory in the Maharashtra MIDC Area which is functioning as a partnership company and we are 4 partners currently. (myself, my partner and our spouses). The company is registered in MIDC in proprietary form in the name of my partner. We wish to covert it completely to the partnership company and we have been advised that a deed of assignment needs to be executed for this change.

We would like to know -

  1. What is the procedure and the formalities to be completed to execute the deal.
  2. What are the documents required for the execution of the deed.
  3. How long does the process normally take.
  4. Who all need to be present to execute this deed.

Thank you.



Learning

 3 Replies

adv. rajeev ( rajoo ) (practicing advocate)     14 October 2011

Whether it is partnership firm or co.,?

If it is regd.,  partnership firm then you file an application to the registrar of rims to inform the change of name of the firm.

 If it is co., you will have to pass a resolution to change the name of he firm and same will have o initimated to the REgistrar of companies  by fllowing the procedure.

adv. rajeev ( rajoo ) (practicing advocate)     14 October 2011

Whether it is partnership firm or co.,?

If it is regd.,  partnership firm then you file an application to the registrar of rims to inform the change of name of the firm.

 If it is co., you will have to pass a resolution to change the name of he firm and same will have o initimated to the REgistrar of companies  by fllowing the procedure.

Atul D Suryavanshi (Attorney - JC Law Firm)     15 October 2011

Dear Rahul,

The very simple but effective way is to convert your firm to Limited Liability partnership (LLP). It is equivalent to Pvt. Ltd. co.

You  and your partner can easily convert your Partnership firm to LLP which is Affiliated to ministry of Corporate affairs (MCA). It has very simple and cost effective process. You can avail TAX benefits also.

It not be taking more than 45 working days, if you do the things form the professional firm.

Contact us If you need further clarification. We would like to assist you to get register or convert your Firm to LLP.

Regards,

 

Atul Suryavanshi

  IPR-Attorney

  JC Law Firm

Email: atul@justacausa.in

Mobile - 09923552956


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