Legal Question in Business Law in India
ram am have made a company,which name &style is "A.K.DAS&COMPANY".it is a partnarship firm.ram is 1st party am is 2nd party.the firm's vat no:123456.it registered with west bengal sales tax dept. they have made a partnarship deed .in this deed it is written that "IF THE PARTNARSHIP BE DISOLVED THE GOODWILL OF THE FIRM ALWAYS BELONG TO THE FIRST PARTY"
MY QUESTION IS, if the partnarship be disolved will the ram(1st party) carry the business like as propitorshipbusiness in above said name &style"A.K.DAS&COMPANY",in same registerd vat no,?
or , will ram change the type of business,from partnarship firm to propitorship firm in same name &style"A.K.DAS&COMPANY",with in same vat registration number?
1 Answer from Attorneys
If firm is dissolved, then VAT number also is dissolved.
As adviced by me already, Ram can sell the Goodwill viz the name A.K. Das & Company or can run a new business in the same name. This is subject to the partnership agreement and Partnership Act.
Mail for detailed opinion on how to stop Ram after dissolution of firm
S.Seshadri
Chennai office phones: 98403 20808 / 28515229
emails: [email protected]
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