Company act 1956
This query is : Resolved
05 September 2013
sir, i have engineering firm as proprietorship. now i wish to convert it in a pvt ltd co. this is possible ?
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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