conversion into a company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2010
what are the procedures to convert a proprietor firm into a private limited company ?
20 October 2010
First form the private limited company and make a mou for sale of the proprietorship to company and pay the proceeds from the company to proprietor OR youcan issue share as sale consideration.
20 October 2010
Steps to be taken to get a new company incorporated:
* Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.
* Ensure that the name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950) by availing the services of checking name availability on the portal.
* Apply to the concerned RoC to ascertain the availability of name in eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant proposing the company has to be attached in the form. If proposed name is not available, the user has apply for a fresh name on the same application.
* After the name approval the applicant can apply for registration of the new company by filing the required forms (that is Form 1, 18 and 32) within 60 days of name approval
* Arrange for the drafting of the memorandum and articles of association by the solicitors, vetting of the same by RoC and printing of the same.
* Arrange for stamping of the memorandum and aticles with the appropriate stamp duty.
* Get the Memorandum and the Articles signed by at least two subscribers in his/her own hand, his/her father's name, occupation, address and the number of shares subscribed for and witnessed by at least one person.
* Ensure that the Memorandum and Article is dated on a date after the date of stamping.
* Login to the portal and fill the following forms and attach the mandatory documents listed in the eForm
Declaration of compliance - Form-1
Notice of situation of registered office of the company - Form-18.
Particulars of the Director's, Manager or Secretary - Form-32.
Submit the following eForms after attaching the digital signature, pay the requisite filing and registration fees and send the physical copy of Memorandum and Article of Association to the RoC
* After processing of the Form is complete and Corporate Identity is generated obtain Certificate of Incorporation from RoC.
Source: https://www.mca.gov.in/Ministry/steps.html
* Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.
* Ensure that the name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950) by availing the services of checking name availability on the portal.
* Apply to the concerned RoC to ascertain the availability of name in eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant proposing the company has to be attached in the form. If proposed name is not available, the user has apply for a fresh name on the same application.
* After the name approval the applicant can apply for registration of the new company by filing the required forms (that is Form 1, 18 and 32) within 60 days of name approval
* Arrange for the drafting of the memorandum and articles of association by the solicitors, vetting of the same by RoC and printing of the same.
* Arrange for stamping of the memorandum and aticles with the appropriate stamp duty.
* Get the Memorandum and the Articles signed by at least two subscribers in his/her own hand, his/her father's name, occupation, address and the number of shares subscribed for and witnessed by at least one person.
* Ensure that the Memorandum and Article is dated on a date after the date of stamping.
* Login to the portal and fill the following forms and attach the mandatory documents listed in the eForm
Declaration of compliance - Form-1
Notice of situation of registered office of the company - Form-18.
Particulars of the Director's, Manager or Secretary - Form-32.
Submit the following eForms after attaching the digital signature, pay the requisite filing and registration fees and send the physical copy of Memorandum and Article of Association to the RoC
* After processing of the Form is complete and Corporate Identity is generated obtain Certificate of Incorporation from RoC.
Source: https://www.mca.gov.in/Ministry/steps.html
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