Conversion of 2 proprietorship into one pvt. ltd.


This query is : Open 

03 June 2013 Dear Experts,

Can two sole proprietorship having same businesses be converted into a single Pvt. Ltd. Company?

Please reply....

03 June 2013 yes , if The proprietor is the same person.

but if not , you can first convert one proprietorship into company

and after some time new Pvt. Ltd. company take over the other One.

03 June 2013 Thanks kapil, what if both businesses are different? Can you please tell me the procedure of such conversion?


03 June 2013 no issue- Include the take over of both proprietorship as main object of new company.

and other formalities are the same as incorporating New company.

03 June 2013 sorry i confirm from proprietor businesses are same, please tell me the procedure for such conversion. According to me its same i just need to insert a main object "to take over the running business of M/s .... & M/s ......

03 June 2013 yes,
you just need to add in main object " to take over the running business of m/s........"

other formalities are same as new company.


03 June 2013 Thanks Kapil,

Should i need to attach any affidavit?

03 June 2013 no , not required

but make sure that the same proprietor has at least 51% share in Pvt Ltd.

06 June 2013 Dear Experts,

I got the resubmission for want of firm papers which i am converting into Pvt Ltd.
Will the bank statement be enough proofs for the same? or should i attach some other papers?


pls reply

06 June 2013 attach ,

1. Bank Statement
2. B/s & p/l of last year, sign by Prop.

06 June 2013 As the return of prop. filed in sec 44AD, we dont have their balance sheet

06 June 2013 the firm must has any registration paper like: Service tax or up vat .

06 June 2013 What if they don't have any registration? It would be very late now if i apply for any registration now. One of the company has a shop & establishment license but it has been expired on 31st March 2012. But can i use it

06 June 2013 no
In that case attach

1. Bank Statement
2. ITR full form (if name of firm is mention in business description.)

if Name is not available in ITR. do attach bank statement only and let see what reply received from Mca.


06 June 2013 bt if i receive again resubmission then
how many times mca will give me opportunity to file against that fees? Is their any limit of resubmission?

06 June 2013 yes it 5 times. just try ones and also update me.

07 June 2013 hope your problem is solved now.

07 June 2013 it will be solved only after i will get the name approved.

but i ask in MCA they said i will get the chance for re submission only for 2 times. so, dont want to take risk


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details