Merger of a Firm

[narendra arora]

Dear Sir,

 

We are a partnership firm and having 4 partners. Now, we intend to merge the said firm in to our existing pvt. ltd. company. Please also note that all 4 partners are director in company.

Please advise, procedure for merger and what about stamp duty ?

Regards

Narendra 

[DR.MARIAPPAN GOVINDARAJAN]

It is better to approach the Practising Company Secretary in this area for proper adivce since the procedure involved is various and depending on the facts of the case.

AI Summary

Merger of partnership firm: procedural and stamp duty queries require tailored professional company secretary advice. Merger of a partnership firm into a private limited company where all partners are company directors raises procedural and stamp duty questions concerning transfer of business, assets, liabilities and partners' interests. The procedural steps and stamp duty treatment depend on the specific facts and chosen legal mechanism. The advised course is to consult a practising Company Secretary to identify required instruments, consents, registrations and stamp duty implications tailored to the case.