Acquisition of business
CA Varsha Mishra (Chartered Accountant) (166 Points)
07 June 2016CA Varsha Mishra (Chartered Accountant) (166 Points)
07 June 2016
Taxhelp.com
(Professional)
(94 Points)
Replied 08 June 2016
Hi Varsha
Transfer all assets & liabilities of proprietorship concern to company books and balance (proprietor's capital) will be share capital. Divide the share capital by face value, you will get the shares issued. Then, follow ROC compliances.
Thanks