PRIVATE LIMITED TO PROPRITOR SHIP
This query is : Resolved
24 February 2009
HOW DO WE CHANGE THE STATUS OF THE COY REGISTERED UNDER COY ACT 1956 (PVT.LTD.) TO PROPRIETORSHIP . WE ARE NOT LIABLE FOR AUDIT AS TURNOVER LESS THAN 40 LAKHS
24 February 2009
You cannot change just like that. You create a new proprietorship concern, Sell all asstes from company to propreitorship concern and clear all liabilities of company and wind up the company as per companies act.
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