Change in constitution mvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 May 2012 MY client runs a proprietary concern (lets say XYZ Industries)(Manufacturing Business)

Now he wants to form a pvt ltd co. naming xyz pvt ltd, and this company will take over business of proprietary concern

As we know that R.C of proprietary needs to be cancelled by applying Form 103, and new application(Form 101) needs to be filed for pvt ltd co.

Now Date of Cancellation(of Proprietary Concern) and Date of New R.C(of Pvt Ltd Co.) will not be same.

My client cannot stop his business between the abovementioned period.

So what are various options available to him?

prasad

prasad (Expert)
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09 May 2012 sir,
Cancellation of RC of proprieory firm and application for new RC (Pvt Ltd Co.) Shall be made simultaneously. The date of cancellation and date of NEW RC shall be same date.