what is the real life procedure to convert a proprietorship into a company
This query is : Resolved
kamal asharaf
(Querist)
20 December 2007
HI,
what is the real life procedure to convert a proprietorship into a company
also state where will i find related section, may give a site for reference too.
Is this clumsy & cumbersome job, shall i advice my client to form a new company rather than converting the same.
In case we convert it into a company ,do we need to make registration again in sales tax & service tax . cant we carry the same after conversion also?
if anyone is here to help. then please reply soon .
thanking you,
An article
HI,
what is the real life procedure to convert a proprietorship into a company
also state where will i find related section, may give a site for reference too.
Is this clumsy & cumbersome job, shall i advice my client to form a new company rather than converting the same.
In case we convert it into a company ,do we need to make registration again in sales tax & service tax . cant we carry the same after conversion also?
if anyone is here to help. then please reply soon .
thanking you,
An article
S.Srinivasaraghavan
(Expert)
20 December 2007
You can not 'convert' proprietorship into a company. A new company has to be registered. All formalities of registration will have to follow, as a company is a different legal person than the individual proprietor.
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