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MSME related query

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yatin talwar

30 Points Posted on 31 March 2022

If a proprietarship firm registered in MSME and now converted in company whether any changes in MSME required. ?

Replies (5)

Quick Summary

If you've converted your proprietorship firm, registered under MSME, into a company, you'll need to apply for MSME registration again. This is because the change in legal structure means a new PAN card will be issued, and the MSME registration is tied to the specific PAN. The process involves a new application using the company's PAN, and careful planning for the transfer of assets and liabilities into the company's accounts.

Kesavaraj S

333 Points Posted on 01 April 2022

You have to apply for MSME again because if the constitution changes PAN also changes ie, Propritorship to Company.So, You have to apply for MSME again with Company PAN...

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 01 April 2022

All assets and liabilities to be planned to insert in the companies accounts if it is part of the conversion.

You must apply for New PAN .

You have to apply again for MSME registration..