Hi,
Can someone guide me, with the procedure that needs to be followed to convert a proprietorship firm into a Pvt Ltd Company.
Aslo what are the eligibility clauses? Like if any fixed turnover, an amount to be paid for the transfer etc...
To give a brief this firm is into Recruitment and Consulting.
Awaiting advises..
Regards
26th May 2009 From India, Pune
Theoretically, it is simple to register a private limited company in India. One should approach the jurisdictional Registrar of Companies. Seek the proposed name availability. Prepare required documents (such as Memorandum & Articles of Association, Form 18, statutory declaration for compliances, certification, stamping etc) and apply for registration of the company with prescribed fee - based on your proposed authorised capital and applicable Forms filing fees with the said ROC. After scrutiny of the documents filed and ensuring compliances, the ROC office would issue a certificate of incorporation and your private limited company would stand registered. Fee for registration depends on the authorised capital of the proposed company and filing of required forms.
For practical approach to register a company, avail the services of a Practising Company Secretary who will charge you a fee, depending upon the quantity and quality of work you want.
26th May 2009 From India, Indore
Can someone guide me, with the procedure that needs to be followed to convert a proprietorship firm into a Pvt Ltd Company.
30th October 2009 From Brunei Darussalam, Bandar Seri Begawan
Can u mail me all document/form to be filled to convert a prop. company into a pvt. ltd comany ?
30th October 2009 From Brunei Darussalam, Bandar Seri Begawan
can i mail me the all forms to be filled to convert a prop. company into a pvt. ltd. company.
30th October 2009 From Brunei Darussalam, Bandar Seri Begawan
Dear Sir, We are a corporate consultancy company and can help you in converting a proprietorship concern into a private limited company. Please feel free to contact us.
30th October 2009 From India, New Delhi
Dear Avika, Kindly mail me the details of converting a proprietorship concern into a private limited company, Kindly share your contact details regards Gopikrishnan +91 9986074007
24th December 2012 From India, Bangalore
dear member.
Turning a proprietorship firm in to a private limited company isnot so tough actually.
You can simply contact any good c.a and discuss your business activities,
finalise the company name if willing to continue the older name then it would be much better,
your tin/vat/c.s.t certificate will be validate and will remain for your legal evidence as sale purchase activities in state /local sales tax,central sales tax or excise department ,
if properitor wants to remain as only one director in new company then it is ok otherwise he may add some directors also from company/family by declaring their profiles,shares ,percentage etc.
These al things are done by c.a. Only.
Moa and roc will be given by c.a issued by government.
Stamp will be changed ,as either of using properietor's stamp you will be using directors stamp on documents,bank accoiunts,
mrm( monthly review minutes have to be decided for companies agenda etc.
Regards
manish srivastava
25th December 2012 From India, Lucknow
DEAR AVIKA.
YOU MAY CONTACT ANY GOOD CA TO TURN UP YOUR FIRM IN A PRIVATE LIMITED COMPANY,HE WILL GUIDE YOU AND IN CORPORATE YOUR FIRM IN COMPANIES ACT.
IT IS A SIMPLE PROCESS DEAR WITH MORE FORMALITIES AND DOCUMENTATION, YOU HAVE TO APPLY FOR YOUR COMPANIES PAN CARD ALSO...
RECENTLY I HAVE POSTED SAME STUFF IN DETAIL YOU CAN SEE THAT LINES ALSO.
REGARDS
MANISH SRIVASTAVA
ISO CONSULTANT
Correct Certification & H.R. Solutions
+91- 96707-66888
25th December 2012 From India, Lucknow
Dear Mr. Manish,
I wish to inform you that I know the process and am a Company Secretary by profession. Its not only a CA who can help you. In fact, a Company Secretary is more equipped with the knowledge and practice to do the incorporation of the Company and handle the compliance as per the Company law.
I had actually offered to help in the process of incorporation of the Company.
It is a request to kindly read the post properly before posting such comments.
Thanks & Regards,
Avika
25th December 2012 From India, New Delhi
Dear Mr. Gopikrishnan,
My Contact details are as follows:
Avika Kapoor
Vice President - Operations
Website: Kapgrow
Please also share your e-mail ID so that i cam forward you the details.
Thanks & Regards,
Avika
25th December 2012 From India, New Delhi
A proprietary business may be converted into a company or a partnership firm may be converted into a company. A company is incorporated by making the sole proprietor as one of the subscribers to the Memorandum i.e. he becomes the first member. In case of partnership firm all the partners become subscribers to the Memorandum of the new company. Or, the new company which is incorporated takes over the sole proprietorship or the partnership firm. There must be specific provision in the Memorandum of the new company for taking over other business as one of its objects and powers must be given to the Board of Directors by the Articles of the new company, to enter into agreements for acquisition of business.
To know more about conversion of your proprietorship to pvt ltd company or to get your proprietorship converted you can visit:
28th December 2013 From India, Peddapuram
CONVERSION OF A PROPRIETORSHIP INTO A PRIVATE LIMITED COMPANY

A proprietary business may be converted into a company or a partnership firm may be converted into a company. A company is incorporated by making the sole proprietor as one of the subscribers to the Memorandum i.e. he becomes the first member. In case of partnership firm all the partners become subscribers to the Memorandum of the new company. Or, the new company which is incorporated takes over the sole proprietorship or the partnership firm. There must be specific provision in the Memorandum of the new company for taking over other business as one of its objects and powers must be given to the Board of Directors by the Articles of the new company, to enter into agreements for acquisition of business.

STEPS INVOLVED IN THE CONVERSION OF PROPRIETORSHIP OR PARTNERSHIP INTO A PRIVATE LIMITED COMPANY.

1. The first step will be incorporation of a new company with the required provisions in the Memorandum and the Articles.

2. A resolution to acquire the other business shall be passed at a General Meeting requesting the Board of Directors to do the needful.

3. The Board of Directors shall enter into an agreement with the firm for its acquisition.

4. A copy of the agreement shall be filed with the Registrar within 30 days.

5. Shares have to be allotted by the Board of Directors to the partners of the firm so acquired (if it is a partnership firm) according to the terms of agreement.

6. A return of such allotment has to be filed with the Registrar within 30 days to complete the registration.

For help with the conversion of your existing proprietorship firm into a private limited company or for the formation of a new private limited company, visit <link outdated-removed> ( Search On Cite | Search On Google ) and talk to one of the Business Experts.
29th December 2013 From India, Chennai
we want our firm JMD CO-ORDINATING MANAGEMENT CORPORATE PARK convert to PVT LTD COMPANY as JMD CO-ORDINATING MANAGEMENT CORPORATE PARK(I)PVT. LTD
16th February 2014 From India, Delhi
Dear Member.
As i do not know your business trade , but still if a proprietorship firm is willing to convert it in a Pvt.Ltd company , you have to contact CA to discuss the things,
According to your business,trade and activities you are involved in he will apply to MINISTRY OF COMMERCE AFFAIRS (MCA) ultimate goverment body of INDIA to incorporate such companies, any private ltd company comes under Companies ACT 1956.
Major part to become a Pvt.Ltd company is there must be minimum 2 directors, as in prop ship firm you are the only whole sole person to deal with business in governent records.
If you can e mail me your trade or nature of business may be i can tell more.
But to covert any firmin to Pvt.Ltd company you can consult with CA.
Regards
Manish Srivastava
22nd February 2014 From India, Lucknow
Anyone can help me in preparing the document while transferring all employees from sole proprietorship to Pvt Ltd company (one entity to different entity)? Is there any specific letter format is there to follow?
Thanks in advance.
19th March 2015 From India, Bhubaneswar
please provide PF Letter format Proprietorship to Private Limited
14th September 2017 From India, Mumbai
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