Unreg Partnership firm to a exisitng pub co

Ritu (Querist) 27 January 2009 This query is : Resolved
conversion of an exisiting unregistered partnership firm to a already existing public limited co, how does it happen?does a sale deed or a takeover deed needs to be executed.

Benefits of registering a firm in Part IX of the Companies Act, 1956?

Reasons for regd a partneship firm

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sanjeev murthy desai (Expert) 29 January 2009
1. Part IX of the comapanies Act, 1956 exempted stamp duty and registration fees when immovable property on transfer from partnership firm to the company. 2. partnership firm saving capital gain tax

sanjeev desai

Manish Singh (Expert) 29 January 2009
Dear Ritu,
in your case the company shall take over the assets of the company by sale or otherwise. you shall have to pay stamp duty as applicable.
part ix shall nt be applicable in this case.

a registered partnership firm can sue or be sued on its name. if nt regstrd, it looses the right to sue.

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