How to change from firm to pvt ltd

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2012 Dear all,

I have business in Andhra Pradesh, in the name of Raj Service (Internet broad band service)this is partner ship firm

now i want change my business name from Raj Service to Raj Service Pvt Ltd

do i registration my firm under companies act
or is it enough to register under service tax registration

so now what i have to do please explain clearly

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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22 July 2012 You are required to get the company registered with the Registrar of Companies.

Please don't forget to mention in the object clause that the company is formed to acquire the business of firm (Raj Service)

Further you will have to get a PAN and Service Tax Registration for the company(Raj Service Pvt Ltd).

Regarding taxation part, the capital Gains arising on this transfer is exempted under section 47.

All the Best....