How can Pvt Ltd company acquire/takeover a proprietary firm

This query is : Resolved

Nikhil Gupta (Querist)
Follow

27 December 2008 Dear Sir,

We have 2 companies, one is a pvt ltd company and other is a proprietary firm. We now want to make them as one company by our Pvt Ltd company taking over/acquiring the Proprietary Firm. Kindly let us know the procedure for the same.

Or else can you please suggest us some better way of diluting the Proprietary firm and to make it a part of the Pvt Ltd company.

Thanks for all your help.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

27 December 2008 Best way is stop working in Prop. firm and do all the future business under Pvt. Limited Company.

However it depends upon the nature of business and business assets owned by the prop. firm.

This matter will be easily solved by your Chartered Accountant. Please take their help.