Proprietor ship to pvt limited

Hi,

yes you can convert your Proprietor Ship Firm to Pvt. Ltd. Company.

Minimum athorised Capital is Rs. 1Lakh and 2 Director

You can hire any CA for the same,they will make your company in 15-20 Days.

Thanks & Regards

Ritesh Sharma

Agree with Ritesh Ji.

With the change and growth in the business, one needs to change the constitution..

The proprietor should be one of the directors..And one of the objects of the company should be acquisition of proprietorship business.

And yes you need to hire any professional for the same..

Best Regards

CA Darshak Shah

YES, PROPRITEORSHIP BUSINESS CAN BE CONVERTED TO PARTNERSHIP AND LIMITED COMPANY BY MAKING CHANGES IN THE ARTICLES AND MEMORANDUM OF ASSOCIATION OF THE COMPANY. NECESSARY RESOLUTION NEEDS TO BE PASSED AND APPROVED BY THE MEMBERS AND THE COPY OF APPROVAL NEEDS TO BE SENT TO THE ROC AS WELL AS TO THE REGISTERED OFFICE OF THE COMPANY.

REGARDS

TANVEER,