Legal Question in Administrative Law in Pakistan

Adnan Bashir Sahib,

It is a Firm established by two partners.


1 Answer

Is it firm or a privt lmted company ?

Legal Question

Asked on: 6/16/13, 7:46 pm

*** A Partnership Firm was established by two [2] friends who had obtained NTN & Sales Tax Number in the name of Firm. Now one of the partner is not interested in running the Firm as he is doing his personal business. The remaining only Partner wishes to continue Firm as NTN/Sales Tax # has already been obtained in the name of Firm. Now the question is that whether remaining partner can run this Firm while maintaining Bank account in the name of Firm by himself only. Is there any procedure to convert existing Partnership Firm into Proprietorship concern.

[email protected]..

Asked on 6/17/13, 7:57 pm

1 Answer from Attorneys

Adnan Bashir A B Choudry Law Firm
0 users found helpful
0 attorneys agreed

plz send a partnership deed into my email.. i will try to find out a solution... remember! at least two members are required to be partner. it is another issue that one could be sleeping partner. that too depends upon ur partnership deed ... plz send it to me. do not past your deed here , because it could be slipped or ignored from me.. send it to me my email below.

[email protected]

Read more
Answered on 6/18/13, 7:08 am

Related Questions & Answers

More Administrative Law questions and answers in Pakistan

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Administrative Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Rahul Manchanda, Esq.Manchanda Law Office PLLCNew York, NY
Glen AshmanAshman Law OfficeAtlanta, GA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now