Conversion of proprieotship into pvt ltd.co.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2012 Dear Sir,

I am having a propritor ship company I want to convert in to pvt ltd co. so what is the procedure for that and what expenses should I have to pay for that.

Thanks
Amit

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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27 August 2012 You will have to form a company with the desired name.
Don't forget to mention in the object clause "to carry on the business of ......"

For Income Tax this will not be a transfer and will be exempt from Capital Gains.

All the Best.....