Dear Friends,
A PVT LTD is formed on 04/05/2012. PAN is on same date.
Takeover agreement on 17/05/2012.
Bank account transfered on 04/08/2012.
What should be the actual date for Takover of a Proprietorship to a Company??
(The date of issueing Sales invoice is as on 04/08/2012 ie as on the date of Bank Account takeoover)
PLz Help.
If Pvt ltd company has recieved certificate of incorporation then takeover date shoud be taken as date of incorporation as in india any company regisered under companies act,1956 shall be a "company" under section 3 only after it recieves its certificte of incorporation.
this is my opinion wait for other members to comment.
CAclubindia
