SANGEETH KUMAR.P (TAX PRACTITIONER) (153 Points)
23 May 2011HAI FRIENDS,
ANYONE PLEASE HELP ME FOR
" PURCHASING A PRIVATE LTD CO., BY A PROPRIETOR"
IS IT POSSIBLE OR NOT?
IF POSSIBLE, PLEASE TELL ME THE STEPS TO FOLLOW? OR ANY LINKS ABOUT THIS QUESTION.
I HAVE READ ABOUT THE STEPS FOR CONVERTING PROPRIETORSHIP IN TO PVT. LTD CO., THIS IS A COMPLICATED CASE.
ANYONE PLEASE SUGGEST ME.
WITH REGARDS,
**SANGEETH**
RAMANADHAN T
(PARTNER)
(30 Points)
Replied 23 May 2011
purchase shares of existing share holders. Keep in mind that atleat 2 share holders should be there
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 23 May 2011
You have to just take up all the shares or get yourdelf in a substantial position in such a way that you can influence the companys decision making process...
like for about 51% of shares you have to purchase from those members who hold the shares....
CAclubindia
