Can anybody guide me about the procedure to convert partnership firm into private limited company? what is the cost/expense involved in this. Mrs Meghana
From India, Mumbai
Acknowledge(0)
Amend(0)
27From India, Mumbai
Acknowledge(0)Amend(0)
The procedure involves conversion under Chapter IX of the Companies Act. It involves many RoC and income tax formalities.
If you would like more details, please contact us at
. We can help you out.
From India, Mumbai
Acknowledge(0)Amend(0)
If you would like more details, please contact us at
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Meghana,
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 one of the subscribers to the Memorandum, i.e., he becomes the first member. In the case of a partnership firm, all the partners become subscribers to the Memorandum of the new company. Alternatively, the new company that is incorporated takes over the sole proprietorship or the partnership firm. There must be a specific provision in the Memorandum of the new company for taking over other businesses 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 the acquisition of business.
For help with the conversion of your partnership firm into a private limited company, you can contact IndiaFilings. They can also assist with the incorporation of a new private limited company to help you start the business there.
- conversion of your partnership firm into a private limited company
- incorporation of a new private limited company
You can search for more information on IndiaFilings on CiteHR or Google.
Thank you.
From India, Chennai
Acknowledge(0)Amend(0)
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 one of the subscribers to the Memorandum, i.e., he becomes the first member. In the case of a partnership firm, all the partners become subscribers to the Memorandum of the new company. Alternatively, the new company that is incorporated takes over the sole proprietorship or the partnership firm. There must be a specific provision in the Memorandum of the new company for taking over other businesses 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 the acquisition of business.
For help with the conversion of your partnership firm into a private limited company, you can contact IndiaFilings. They can also assist with the incorporation of a new private limited company to help you start the business there.
- conversion of your partnership firm into a private limited company
- incorporation of a new private limited company
You can search for more information on IndiaFilings on CiteHR or Google.
Thank you.
From India, Chennai
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Proposal-Privat e-Limited-Compa ny-Registration .pdf
Profile_Kapgrow Corporate Advisory Services Private Limited.ppt