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
Menu
Conversion
Replies (2)
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.
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.
Source: /forum/details.asp?mod_id=10771&offset=2
Recent Threads
- Grandparents gifts Rs.5 lakhs to a grandchild - Wh
- AY2025-26 ITR-3 has been added now to the Common O
- Request for Advice on Housing Loan Tax Benefit Eli
- Contest Time barred ADT-02
- Form 26QB error, how to claim refund
- Turnover limit for goods & service
- Conversion of old B2Cs invoices to B2B
- Tax implications on brokerage
- Showing f&O loss and intraday profit in ITR
- REBATE RECEIVED FROM FOREIGN PARTY AFTER MAKING PA
Related Threads
CAclubindia
