Incorporation of private limited company

Yes, it is possible for incorporating subject to certain conditions. You have to consider whether the assets are movable or immovable and the transfer should be done in accordance with the rules specified in TRANSFER OF PROPERTY ACT(SEC:54). Yes, the assets should be valued by an expert. eg; IF A PERSON TRANSFERED CAR TO THE COMPANY THEN THE ENTRIES UN THE BOOKS OF COMPANY WILL BE; car a/c dr to person a/c for the person the company has to pay money but the person is asking shares in return. then the entries will be person a/c dr to share application money a/c share application money a/c dr to share capital a/c. this means we are adding the amount to paid up capital.. iam just article assistant. I gave you this information as per my knowledge. Plz mail me if there are any mistakes. my mail id: aswani.180 @ gmail.com

sorry a small mistake in the msg i have send. transfer of property act as per sec:53A