merger of two partnership firms

Querist : Anonymous (Querist) 01 February 2011 This query is : Resolved
there are two partnership firms carrying real estate business and 1st firm wants to merge in the 2nd firm, they have entered in to an mou to that effect. what is the legal procedure to be followed and are they have to take any noc from any statutory authorities. the firms are located in hyderabad, andhra pradesh.

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Raj Kumar Makkad (Expert) 01 February 2011
As the clause of merger generally inserted in Partnership-deed and a firm has taken its decision accordingly and MOU has also been entered so no permission is required from any other statutory authority to move forward, however, it is mandatory to inform registrar of Firms and Societies of your area in writing as well as all concerned parties/persons to avoid further consequences.

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