TRANSFER OF PROPERTY FROM AN INDIVIDUAL TO A PROPRIETORSHIP FIRM

SIR,

CAN I TRANSFER OF PROPERTY FROM AN INDIVIDUAL TO A PROPRIETORSHIP FIRM IF I AM ONE OF THE SHAREHOLDERS IN THIS PROPERTY THAT IMMOVABLE AND I AM THE PROPRIETOR OF THE COMPANY..

DO I SIGN A GIFT DEED OR TRANSFER OF SHAARES DEED IF THIS IS POSSIBLE OR IS THIS NOT POSSIBLE AT ALL.

THANK YOU.

Replies (3)
Quick Summary
This discussion explores the process of transferring immovable property from an individual owner to their proprietorship firm. It clarifies that transferring co-owned property requires the consent of all co-owners and involves registering a transfer deed. The advice suggests exploring options like a gift deed or a transfer of shares deed, depending on the specific circumstances and legal requirements.

You cannot transfer co-ownership property to your firm unless you register transfer deed with  all the co-owners' consent.

You can easily do so

MAM,

PLS SUGGEST HOW TO DO SO?

TRANSFER DEED OR CONVEYANCE

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