Conversion of proprietory to private company
Querist : Anonymous
i want to convert proprietary to pvt co. i have following doubts
1)what will be the object clause
2)is agreement is to be executed, whether stamp duty to be paid? any specific format.
3)if Authorized capital share capital is Rs 100,000/- can shares to proprietor be given from that one lakh or authorized capital be increased
4) how many shares can be taken by subscriber to memorandum and articles
1) Object clause will be as per your business.
2) Agreement needed.
3) Pvt. co need Rs.1/- Lac paid up as well as autho share capital.
U can give any no. of shares to any person (relative, promoter) from that.
4) All subscribers should take 100% (including all 100%)
Querist : Anonymous
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