20 December 2007
HI, what is the real life procedure to convert a proprietorship into a company
also state where will i find related section, may give a site for reference too. Is this clumsy & cumbersome job, shall i advice my client to form a new company rather than converting the same. In case we convert it into a company ,do we need to make registration again in sales tax & service tax . cant we carry the same after conversion also? if anyone is here to help. then please reply soon .
20 December 2007
You can not 'convert' proprietorship into a company. A new company has to be registered. All formalities of registration will have to follow, as a company is a different legal person than the individual proprietor.
CAclubindia
