Incorporation of company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2011 i have two Sole Proprietary firm who wants to form the company as one. i want to know what is the procedure and what will be their main object.

VISHRUT

VISHRUT (Expert)
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29 August 2011 It is very easy to incorporate a new company which will take over all the business of this two proprietorship firm and both proprietor will be allotted shares as remuneration which will make them Director of Company.

All the general rules regarding merger & Acquisition will be applied for accounting and company act purpose.

However for Tax purpose it will be altogether new entity.

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