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.
bishan singh negi (service) (104 Points)
10 May 2008hello ,
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.
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 10 May 2008
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
bishan singh negi
(service)
(104 Points)
Replied 11 May 2008
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
