Conversion of proprietorship in company


This query is : Resolved 

(Querist)
02 August 2016 What is procedure for Conversion of Proprietorship Concern in Private Company as per Companies Act,2013????? Whether it is Mandatory to give advertisement in Form URC-2 regarding this???? Clarify regarding filing of form INC-29 & INC 1 because no option is provided in Form INC-29??????????

c.bakshi (Expert)
02 August 2016 simple procedure is to be followed, first incorporate a pvt company by inc-7 mode and then transfer all the business of properitor at book value so as to avoid capital gain tax liability as per income tax act, 1961

RACHANA DAGA (Querist)
02 August 2016 Why it is not incorporate through inc-29 mode???????

RACHANA DAGA (Querist)
02 August 2016 Why it is not incorporate through inc-29 mode???????

c.bakshi (Expert)
10 August 2016 you can do it with a single form, but you incorporate in a single form, any objection related to DIN, NAME APPROVAL etc will amount to resubmission, and ROC provide two times opportunity to resubmit the FORM. decision is your's. you may opt this method


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