Legal provisions on taking over of a limited company by a partnership concern
A L SHIVA KUMAR
(Querist) 28 July 2013
This query is : Resolved
We are running a partnership firm in Bangalore. Now we would like to purchase a limited company to foray in new area and continue the business along with our core business. We are planning to enter into company purchase agreement with the board of directors of the limited company and then get into the board by purchasing the shares and filing the same in ROC for legal sanctity. Finally obtain the resignations of the board of directors and file the same in ROC. My question is does the process afore mentioned has legal sanctity? If you experts have suggestions on modus operandi please suggest me.
Thanking you sirs,
With regards
A.L.SHIVA KUMAR
ajay sethi
(Expert) 28 July 2013
commercial query . engage a local lawyer
R.K Nanda
(Expert) 28 July 2013
consult local lawyer.
Raj Kumar Makkad
(Expert) 29 July 2013
A CA should be contacted for this purpose.
