Ownership of assets

This query is : Resolved

CA/CS Avijit Burman (Querist)
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06 June 2014 Mr ajay has a prorietorship business. now he wants to create a company in which he will hold 60% shares and the rest 40% with ram and rahim.

Ajay wants to infuse his former assets of proprietor ship business in the newly created company in a way that the ownership of the assets bought by him remains with him in the newly formed company.

Is it possible that the assets bought by ajay will remain under hi ownership in the new company formed?

if not why and if yes how?

please give a feedback

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 June 2014 no. once the assets are brought into the common pool, the company shall become the owner.

CA/CS Avijit Burman

CA/CS Avijit Burman (Querist)
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06 June 2014 any other way so that the ownership of the assets remains with ajay

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