I am having a pvt ltd comapny which is closing on 31/03/2009 which has some assets in its Balance Sheet and I am starting a proprietory Concern from 01/04/2009 I want to know How should I transfer the assets in Proprietorn concern as I am not going to pay for that assets.
23 March 2009
You will have to sale the assets from Private limited company to the proprietorship concern. PLC is a separate assessee from its shareholders, and can not transferred its assets in this manner.
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