Conversion

Pvt ltd 685 views 2 replies

TRILOK SUREKA

CA CS student

40 Points Joined December 2007

WHAT ARE THE PROCEDURE OF CONVERSION PROPRIETORSHIP FIRM CONVERT INTO PVT LTD CO.

PLZ HELP ME

IS ANY AGRREMENT COPY REQUIRED OR OTHER FORMALITIES DONE

Replies (2)

AMIT MISHRA

Legal Professional

393 Points Joined July 2011

Properitership firm cannot be converted although a partnership firm can be converted.

The same business can be taken over by incorporating a new company i.e. 2 or more members in case of a private company and subsequent obtaining of DIN, DSC and filing E-Form 1A, 1,18,32

Thanks & Regards

Amit Mishra

BSamrish & Co.

Mohammed

CS Mcom LLB

857 Points Joined September 2009

You cannot convert proprietorship concern into company. However a company can take over the business carried by a sole proprietorship. For this you need to incorporate a company following usual formalities viz., getting the name approval by filing Form 1A and then within 60 days of name approval filing Form 1 for Incorporation alongwith MOA, AOA, Form 18 , Form 32 and Power of Attorney.

However in the main object clause of MOA specify taking over the business of M/s. ....................(Proprietorship name) as one of the main objects.

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