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Company act 1956

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05 September 2013 sir, i have engineering firm as proprietorship. now i wish to convert it in a pvt ltd co. this is possible ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 September 2013 Yes you can. You will have to form a Pvt Ltd Company and the company will take over the assets and liabilities of firm as a going concern by payment of purchase consideration by way of issuing shares to the proprietor i.e., you.
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