since you are buying a company
it goes by the COMPANIES ACT 1956 provisions.
the transfer of ownership(share holding ) of the company takes place, you (as transferee) the company (as transferer).
you can buy or purches the assets and liabilites or as your mutual dealing
only assets or only liabilites or partly assets partly liabilites.
you can buy the company as :
1)in your individul capacity(propriotery firm).
2)partnership firm.
3) company
you have to comply lots of formalites specified under the acts
informing registrar of companies,passing out resolutions etc( if you are as a company)
regards
naresh
