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sudhir kulshreshtha (Advocate)     29 July 2021

Transfer of stock in new firm.

please clarify , can the stock be transferred to the new registered firm of the same properitor,same pan number but at different place.
properitor is same
business is same
pan number is same
Business name is may be some different or same
place of business is different.

please suggest.

 7 Replies

Hari Beldona

Hari Beldona (ACA)     29 July 2021

When everything is same nothing to be done since ownership in stock lies with the owner, even for place for control purpose Memorandum entries can be passed
Receiving Godown. a/c. Dr
Sending Godown. a/c
as a result stock remains same but different values in different gowdown
If Business name is different, ownership in part of stock transferred to different business
sales entry to be passed including profit Margin
sudhir kulshreshtha

sudhir kulshreshtha (Advocate)     29 July 2021

Registration of existing firm will be surrendered.will this make any difference.?
1 Like
Hari Beldona

Hari Beldona (ACA)     29 July 2021

No need to surrender existing registration
sudhir kulshreshtha

sudhir kulshreshtha (Advocate)     29 July 2021

If properitor wants to change the name of firm then....?
Hari Beldona

Hari Beldona (ACA)     29 July 2021

It's his will and wish

Nidhi (Chief Accountant)     31 July 2021

If you want to change the trade name..than you can make amendments at all your registration like in GST, shop & establishment, PT, PF, nak account ect.

no need to surrender licence

n if u still want...that you can as per you choice
sudhir kulshreshtha

sudhir kulshreshtha (Advocate)     31 July 2021

Thank you very much to all of you  for your valuable suggestions.

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