conversion to private limited from propritory concern
This query is : Resolved
09 January 2011
what is the procedure to transform from propritory concern to private limited company
10 January 2011
Follow the usual procedure to form a company., viz.,
1) 2 Promotors having DIN should apply for name availability in Form 1A. Atleast one of the promotor should have Digital Signature for electronically signing the form.
2) After getting the name approval from ROC, apply for incorporation in Form 1 within 60 days.
3) Alongwith Form 1 you need to submit Memorandum of Association, Artiles of Association, Power of Attorney, Form 18 (Registered Office Address) and Form 32(Directors appointment). Get the MOA / AOA duly executed by the subscribers and get it witnessed.
4) In the main object clause of the MOA, specify "taking over proprietory concern" as one of the main objects.
5) Minimum authorised schare capital required to form a private limited company is Rs.1 lac.
5) Pay necessary stamp duty and fee for incorporation.
1) 2 Promotors having DIN should apply for name availability in Form 1A. Atleast one of the promotor should have Digital Signature for electronically signing the form.
2) After getting the name approval from ROC, apply for incorporation in Form 1 within 60 days.
3) Alongwith Form 1 you need to submit Memorandum of Association, Artiles of Association, Power of Attorney, Form 18 (Registered Office Address) and Form 32(Directors appointment). Get the MOA / AOA duly executed by the subscribers and get it witnessed.
4) In the main object clause of the MOA, specify "taking over proprietory concern" as one of the main objects.
5) Minimum authorised schare capital required to form a private limited company is Rs.1 lac.
5) Pay necessary stamp duty and fee for incorporation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
