Transfer of propritership
This query is : Resolved
01 June 2014
Dear Sir,
i have a sole proprietorship company wherein i have registered ST2 for "CARGO HANDLING SERVICES" in the state of Orissa.
Now i have shifted to Mumbai wherein i would like to start a new business of selling TOYS
Kindly suggest:
1. if i can transfer the proprietorship to Mumbai ?
please suggest the best way because i do not want to open another current account in bank with a new name.
Thank you.
Ajoy
i have a sole proprietorship company wherein i have registered ST2 for "CARGO HANDLING SERVICES" in the state of Orissa.
Now i have shifted to Mumbai wherein i would like to start a new business of selling TOYS
Kindly suggest:
1. if i can transfer the proprietorship to Mumbai ?
please suggest the best way because i do not want to open another current account in bank with a new name.
Thank you.
Ajoy
CA R SEETHARAMAN
(Expert)
02 June 2014
Being proprietorship concern it can be transferred anywhere. Only registration of state Tax authorities and local authorities required.
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