Is it possible conversion of Trust to Private company
This query is : Resolved
21 October 2019
Is it possible conversion of Trust to Private company, if yes what are the procedures
Read more at: https://www.caclubindia.com/experts/ask_query.asp
Read more at: https://www.caclubindia.com/experts/ask_query.asp
28 October 2019
Yes. A trust can be converted into Private company. You have to follow the procedure under Chapter XXI of Companies Act, 2013 which contains Section 366 to Section 374 read with Companies(Authorised to Register) Rules, 2014.
In brief, the procedure is you have to give newspaper advertisement in Form URC-2 to invite objections, if any from the stakeholders, then within 30 days you have to file Form URC-1 for taking permission for conversion of Trust into Private Company alongwith requisite attachement as per Section 366 read with Rules. Spice form for incorproation of company shall also be filed simultaneously linking the form with Form URC-1.
The details procedure you may read under Section 366 to 374 read with Companies (Authorised to Register) Rules, 2014.
In brief, the procedure is you have to give newspaper advertisement in Form URC-2 to invite objections, if any from the stakeholders, then within 30 days you have to file Form URC-1 for taking permission for conversion of Trust into Private Company alongwith requisite attachement as per Section 366 read with Rules. Spice form for incorproation of company shall also be filed simultaneously linking the form with Form URC-1.
The details procedure you may read under Section 366 to 374 read with Companies (Authorised to Register) Rules, 2014.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
