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What is the process of takeover of a partnership firm by a private limited firm?

Submitted by LegalWizin on Tue, 10/15/2019 - 11:55

Assuming the requirement to takeover partnership by a company to be registered, one should incorporate Private Limited Company with MCA by following below mentioned steps:

Acquire DSC for Directors and Subscriber: The first is to acquire the DSC of the Directors and Subscribers to MOA.

Name approval Application (RUN): The proposed name of the company must be applied for the reservation in web form named RUN which stands for Reserve Unique Name. The names applied should not be identical or nearly resembling with name of any existing Company or LLP or Registered Trademark.

Addition of clause regarding takeover of partnership firm in MOA: The next step is to add clause regarding takeover of partnership firm in clause III (A) of MOA while its drafting. The takeover also being the main object, it must be prescribed in the object clause.

Application for Certificate of Incorporation: After preparation of documents, one shall proceed for making Application of company registration in SPICe form accompanied with SPICe_MOA and SPICe_AOA.

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