Section 366 of CA 2013 : Section 366: Companies Capable Of Being Registered
CA 2013
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Explanation using Example
Imagine a scenario where a partnership firm, which has been operating a catering business for several years, decides to expand its operations and attract more investors. The partners wish to limit their personal liability and structure the business to allow for easier investment and shareholding. They consult a legal advisor who suggests registering the firm as a private limited company under the Companies Act, 2013.
Following the advisor's guidance, the partners hold a meeting where ...
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