change of constitution

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hello ,

forum can u please tell me what is the legal procedure  to convert  proprietorship firm into pvt ltd co.

please this is very urgent.

thanks with regard.

Replies (2)

firstly you will choose pvt ltd name then apply for name availability.then make memoradam & articals of asso. all prprietors properties transferred to co & he hold minimum 50% holding otherwise capital gain tax will be applicable & he should not transferred this shares minimum five years

pvt.ltd.co.requie minimum two shareholders & maximum fifty who are not holiding any capacity

sir,i f u dont mind could u please tell me the section for capital gain if the prop transfered his share before 5 year


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