L.K.S. Gold Palace And Ors. vs L.K.S. Gold House P. Ltd. on 6 March, 2004
20. He has further submitted that when a partnership Firm was
converted to a company under part IX of the Companies Act, there is
no transfer which is involved i.e. there is neither a transferor nor
tansferee. Such a conversion of partnership Firm to a company under
part IX of the Companies Act would amount to transmission. He has
relied upon the decision of the Madras High Court in L.K.S. Gold
2 SCC OnLine Bom 551
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8-COMMP-47-&-51-22.doc
Palace and Ors. Vs. L.K.S. Gold House P. Ltd.3 at paragraph 4.