Vat on capital assets sold

Dear All,

I am Having Propriety Firm which is purely Export Oriented (STPI Registered) till last Financial Year. Due to STPI Exemption Over I close down that Firm & In that Form I have Some Fixed Assets.

I want to Transfer these all assets to my Limited Company where I am 97% stake Holder.

So how can I transfer these Assets to Limited Company?

1. Make Journal Entry  in Proprietary Firm & same in Limited as Capital
2. I need to make Invoice in Proprietary Firm to Company, pay the Invoice amount from Limited Company.

If case two is ok then whether need to liable for VAT Registration