14 April 2011
My client is a prop concern and he is willing to convert it to Private Limited Co. Although i advised him not to do so as it will attract higher tax rate. Besides i want to know what are the benefits of a private limited over prop concern. and also tell me the procedure of formation.
14 April 2011
though it will bring a higher tax rate but at the same time it would help him in building a brand for himself. all big business houses run in co. form due to the huge risk involved. The feature of limited liability is a big bonus regarding procedure of formation you can visit MCA website however i am listing out the overview of steps to be followed 1.APPLY FOR DIN 2.APPLY FOR DSC 3. FILL FORM 1A FOR NAME AVAILABILITY 4. AFTER ACCEPTANCE OF NAME PREPARE MOA AND AOA 5. FILE FORM 18,32 AND FORM 1
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