Hello, Is is mandatory to convert a sole proprietor into private limited company once it achieves a certain annual turnover/profit? If yes, then what is that amount after which it is mandatory to convert proprietor into limited company
Ankit (Proprietor) (30 Points)
14 December 2017Hello, Is is mandatory to convert a sole proprietor into private limited company once it achieves a certain annual turnover/profit? If yes, then what is that amount after which it is mandatory to convert proprietor into limited company
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 14 December 2017
No such requirement for proprietor.
One person company (OPC) needs to convert into pvt company.
Ankit
(Proprietor)
(30 Points)
Replied 14 December 2017
RAJA P M
("Do the Right Thing...!!!")
(127977 Points)
Replied 15 December 2017
CAclubindia
