Conversion of proprietorship into pvt ltd

mahipal m. chande (ca) (216 Points)

08 December 2016  

ONE OF MY CLIENT HAS SEVEN PROPRIETORSHIP FIRMS WHERE ALL THE PROPRIETORS ARE FAMILY MEMBERS.

NOW, THEY WANT TO CONVERT INTO A SINGLE PVT LTD COMPANY?

IT ACT TELLS ABOOUT CONVERSION OF A SINGLE PROPRIETORSHIP TO A SINGLE PVT LTD,

THEY WANT ALL THE SEVEN FIRMS TO BE CONVERTED INTO ONE PVT LTD .

IS IT POSSIBLE TO DO SO?