Hi,
Can someone guide me on the procedure that needs to be followed to convert a proprietorship firm into a Pvt Ltd Company? Also, what are the eligibility clauses? Like if there is any fixed turnover, an amount to be paid for the transfer, etc.
To give a brief overview, this firm is into Recruitment and Consulting.
Awaiting advice.
Regards
From India, Pune
Acknowledge(0)
Amend(0)
Can someone guide me on the procedure that needs to be followed to convert a proprietorship firm into a Pvt Ltd Company? Also, what are the eligibility clauses? Like if there is any fixed turnover, an amount to be paid for the transfer, etc.
To give a brief overview, this firm is into Recruitment and Consulting.
Awaiting advice.
Regards
From India, Pune
Acknowledge(0)Amend(0)
Theoretically, it is simple to register a private limited company in India. One should approach the jurisdictional Registrar of Companies to seek the proposed name availability. Prepare the 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 the prescribed fee - based on your proposed authorized 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. The fee for registration depends on the authorized capital of the proposed company and filing of required forms.
For a 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.
From India, Indore
Acknowledge(0)Amend(0)
184For a 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.
From India, Indore
Acknowledge(0)Amend(0)
Can someone guide me, with the procedure that needs to be followed to convert a proprietorship firm into a Pvt Ltd Company.
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
Can u mail me all document/form to be filled to convert a prop. company into a pvt. ltd comany ?
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
can i mail me the all forms to be filled to convert a prop. company into a pvt. ltd. company.
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
From Brunei Darussalam, Bandar Seri Begawan
Acknowledge(0)Amend(0)
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.
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
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
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Dear member,
Turning a proprietorship firm into a private limited company is not so tough, actually. You can simply contact a good Chartered Accountant and discuss your business activities. Finalize the company name; if you wish to continue with the older name, that would be much better. Your TIN/VAT/C.S.T. certificate will be validated and will remain as legal evidence for your sales and purchase activities in the state/local sales tax, central sales tax, or excise department.
If the proprietor wants to remain as the only director in the new company, then it is okay. Otherwise, they may add some directors from the company/family by declaring their profiles, shares, percentage, etc. These things are all handled by the Chartered Accountant. Memorandum of Association (MOA) and Registrar of Companies (ROC) will be provided by the Chartered Accountant and issued by the government.
Stamps will be changed; instead of using the proprietor's stamp, you will be using directors' stamps on documents and bank accounts. Monthly Review Minutes (MRM) have to be decided for the company's agenda, etc.
Regards,
Manish Srivastava
From India, Lucknow
Acknowledge(0)Amend(0)
Turning a proprietorship firm into a private limited company is not so tough, actually. You can simply contact a good Chartered Accountant and discuss your business activities. Finalize the company name; if you wish to continue with the older name, that would be much better. Your TIN/VAT/C.S.T. certificate will be validated and will remain as legal evidence for your sales and purchase activities in the state/local sales tax, central sales tax, or excise department.
If the proprietor wants to remain as the only director in the new company, then it is okay. Otherwise, they may add some directors from the company/family by declaring their profiles, shares, percentage, etc. These things are all handled by the Chartered Accountant. Memorandum of Association (MOA) and Registrar of Companies (ROC) will be provided by the Chartered Accountant and issued by the government.
Stamps will be changed; instead of using the proprietor's stamp, you will be using directors' stamps on documents and bank accounts. Monthly Review Minutes (MRM) have to be decided for the company's agenda, etc.
Regards,
Manish Srivastava
From India, Lucknow
Acknowledge(0)Amend(0)
Dear Mr. Manish,
I wish to inform you that I know the process and am a Company Secretary by profession. It's 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
From India, New Delhi
Acknowledge(0)Amend(0)
I wish to inform you that I know the process and am a Company Secretary by profession. It's 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
From India, New Delhi
Acknowledge(0)Amend(0)
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 can forward you the details.
Thanks & Regards,
Avika
From India, New Delhi
Acknowledge(0)Amend(0)
My contact details are as follows:
Avika Kapoor
Vice President - Operations
Website: Kapgrow
Please also share your e-mail ID so that I can forward you the details.
Thanks & Regards,
Avika
From India, New Delhi
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 as 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, which 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.
To know more about the conversion of your proprietorship to a private limited company or to get your proprietorship converted, you can visit:
From India, Peddapuram
Acknowledge(0)Amend(0)
To know more about the conversion of your proprietorship to a private limited company or to get your proprietorship converted, you can visit:
From India, Peddapuram
Acknowledge(0)Amend(0)
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 the case of a partnership firm, all the partners become subscribers to the Memorandum of the new company. Alternatively, the new company, which 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.
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 the 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.
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 as 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, which 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.
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 the 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.
From India, Chennai
Acknowledge(0)Amend(0)
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
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Member,
As I do not know your business trade, if a proprietorship firm is willing to convert it into a Pvt. Ltd company, you have to contact a CA to discuss the matter. Depending on your business, trade, and activities, the CA will apply to the Ministry of Commerce Affairs (MCA), the ultimate government body of India, to incorporate such companies. Any private Ltd company falls under the Companies Act of 1956.
A major requirement to become a Pvt. Ltd company is that there must be a minimum of 2 directors. In a proprietorship firm, you are the sole person dealing with the business in government records. If you can email me your trade or nature of business, I may be able to provide more information.
To convert any firm into a Pvt. Ltd company, you can consult with a CA.
Regards,
Manish Srivastava
From India, Lucknow
Acknowledge(0)Amend(0)
As I do not know your business trade, if a proprietorship firm is willing to convert it into a Pvt. Ltd company, you have to contact a CA to discuss the matter. Depending on your business, trade, and activities, the CA will apply to the Ministry of Commerce Affairs (MCA), the ultimate government body of India, to incorporate such companies. Any private Ltd company falls under the Companies Act of 1956.
A major requirement to become a Pvt. Ltd company is that there must be a minimum of 2 directors. In a proprietorship firm, you are the sole person dealing with the business in government records. If you can email me your trade or nature of business, I may be able to provide more information.
To convert any firm into a Pvt. Ltd company, you can consult with a CA.
Regards,
Manish Srivastava
From India, Lucknow
Acknowledge(0)Amend(0)
Anyone can help me in preparing the document while transferring all employees from sole proprietorship to Pvt Ltd company (one entity to a different entity)? Is there any specific letter format to follow?
Thanks in advance.
From India, Bhubaneswar
Acknowledge(0)Amend(0)
Thanks in advance.
From India, Bhubaneswar
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.
Procedure-of-Re gistration-of-N ew-Pvt-Ltd-Comp any[1].pdf