Change of proprietor

This query is : Open

manidutt sharma (Querist)
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27 November 2017 in running bussiness in gst , can proprietor change, what will the treatment of fixed assets and stock . pl explain

Arun Kumar Singh

Arun Kumar Singh (Expert)
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27 November 2017 First you can take new registration at new constitution of the company then transfer the all asset and liability from proprietorship unit to new unit.

RAJA P M

RAJA P M (Expert)
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27 November 2017 Yes... I agreed to Mr Arun Kumar Singh... We can't convet the proprietor business to another person... The new person ll be take new RC and then can transfer / take over / buy the old one...

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